Regulators propose revisions to accommodate variety of settlement cycles
The exemptions were previously slated to end on Nov. 30
Key issue of whether trailer payments were improper to be decided before determining which investors are entitled to damages
Major reforms unlikely after review finds funds resilient to market stress
Industry braces for technical challenges as new disclosures take effect
CSA and CCIR finalize CRM3 rules, give industry until 2026 to adopt
Regulators objected to applying "best execution" duties to fund selection
Regulatory efficiency saves costs and ultimately benefits investors
Rules aim to make it easier for funds to meet redemptions amid market stress
Proposals would allow fund managers to post financial statements and management reports on designated websites