Partner John McGuire spoke with Ignites about the US Securities and Exchange Commission’s final amendment to its Names Rule, noting that automation will have a large role in the processes that asset managers develop to comply with the amended Names Rule.
Fund managers might be so burdened by compliance with the amended rule that they choose to "dump" any terms that constantly are flagged, said John McGuire.
“It will likely have an impact on product design, marketing, recordkeeping, portfolio management, and fund administration,” he said. “I would not be surprised if we see fund sponsors moving to less descriptive names that don’t fall under the rule.”
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