As mutual fund firms prepare to meet the costly demands of the Securities and Exchange Commission's new redemption rule, known officially as Rule 22c-2, they're also discovering just how extensively it will impact their everyday business routines.

Costs related to the new rule, which at its core is designed to sniff out illegal market timing and becomes effective on Oct. 16, 2006, have been a matter of debate since the Commission ratified it last year.

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