The Securities and Exchange Commission (SEC) adopted changes to reporting requirements on Form N-PORT, which provides information about a fund’s portfolio holdings.
The amendments are designed to provide the commission and investors with more timely information about certain registered investment companies and their funds.
More timely information about funds’ portfolio investments will promote more effective regulatory monitoring and oversight of the fund industry, the SEC said. Further, amendments also will triple the amount of Form N-PORT data available to investors in a given year, thus enhancing investors’ ability to monitor information about their funds’ portfolios.
“Reliable, accessible data benefits everyone,” SEC Chair Gary Gensler said. “These amendments will benefit investors through greater transparency of funds’ investment portfolios and improve the Commission’s oversight of the asset management industry.”
Specifically, the amendments will require funds to file reports on Form N-PORT on a monthly basis within 30 days after the end of the month to which they relate. Currently, funds file these monthly reports on a quarterly basis within 60 days after quarter-end. In addition, the amendments will make funds’ monthly reports on Form N-PORT available to the public 60 days after the end of each month instead of every third month of a quarter only.
In addition, the commission adopted reporting amendments related to open-end fund liquidity risk management program requirements.
Specifically, the commission adopted amendments to Form N-CEN requiring open-end funds to report certain information about service providers used to fulfill liquidity risk management program requirements. The SEC also provided guidance on certain aspects of open-end fund liquidity risk management program requirements to address questions raised through outreach and monitoring.
The amendments to Forms N-PORT and N-CEN will become effective on Nov. 17, 2025.