White Paper: 2019 Liquidity Risk Management Program Rule Survey Results

Publish Date



  • Compliance

ACA Compliance Group is pleased to present their newest survey results in the form of a white paper, 2019 Liquidity Risk Management Program Rule Survey Results.

In response to the mutual fund industry’s need for transparency and insight into how peers are approaching the SEC's liquidity risk management program rule, ACA recently conducted their second survey of mutual fund/ETF complexes and fund investment advisers/sub-advisers. We received anonymous responses from 61 entities.

The survey covered the following topics

  • The liquidity program administrator
  • The delegation and frequency of liquidity classification
  • Asset class classification
  • Highly liquid investment minimum versus primarily highly liquid investments
  • Compliance warning tolerances
  • Liquidity sources


Can ACA help with your program development?

ACA helps clients with their program management and development of policies and procedures, readiness assessments using our proprietary liquidity risk rule matrix, and guidance and insight into industry trends and best practices.

Visit ACA’s Liquidity Risk Management Program Rule resource page for access to white papers, news insights, and webcasts to assist funds, ETFs, advisers, and sub-advisers in understanding the intricacies and requirements of the liquidity risk management program rule.


For More Information

If you have questions about these survey results or our liquidity services, please contact us here