• A fund must keep at least 10% of its portfolio liquidity overnight and 30% within seven days. Treasury securities and certain other government securities qualify as liquid assets.
• The allowable bucket for illiquid securities is reduced to 5% of the portfolio from 10%.
• Investments in securities rated second tier are reduced to 3% of the portfolio from 5%. Exposure to a single issuer is reduced to 0.5% from 1%.
• The maximum weighted average maturity is reduced to 60 days from 90 days.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
