AUSTIN, Texas - The deadline for mutual funds to implement agreements with intermediaries to accommodate the Securities and Exchange Commission's Rule 22c-2, or the redemption fee rule, is an entire year away, but experts have this message for the industry: If you haven't begun preparations yet, you're way behind.

Judging by a show of hands during a panel discussion on the anti-market-timing rule at the Investment Company Institute's 2005 Operations and Technology Conference, held here last week, funds and intermediaries that are way behind enjoy plenty of company.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.