The SEC announced on December 8th, 2017 that filing Form N-PORT on the EDGAR system will now not become mandatory until April 2019 for larger fund groups and April 2020 for smaller fund groups. However, these groups should still prepare and maintain N-PORT information in their records and make it available to the SEC upon request. This decision to modify Form N-PORT’s filing requirements comes as the agency continues its previously announced review and uplift of its EDGAR and other systems.
This review is part of an assessment of the Commission’s approach to cybersecurity. The SEC is evaluating the EDGAR system in an attempt to strengthen its risk profile. Form N-PORT was adopted to allow registered investment companies to report enhanced information about their monthly portfolio holdings in a structured data format.
Funds should continue submitting public reports on existing Form N-Q until Form N-PORT is allowable on the EDGAR system. Again, N-PORT information must be prepared and maintained in private records after its compliance date of June 1, 2018.
Sources
SEC Modifies Approach to Form N-PORT Filing Requirements (sec.gov)
Investment Company Reporting Modernization (SEC Release No. 33-10442) (sec.gov)https://www.sec.gov/rules/final/2017/33-10442.pdf
