Many in the mutual fund industry expect the Securities and Exchange Commission to give an extension on the Oct. 16 deadline for the anti-timing Rule 22c-2 in the coming days, as many intermediaries have not entered into information-sharing agreements with fund companies and not all fund firms have found a way to extract individual shareholder and trade data from omnibus accounts, The Wall Street Journal reports.

An overwhelming majority of third-party recordkeepers, 72%, have not found a way to detect for questionable trading patterns and share the information with fund companies, according to a member survey of the Society of Professional Administrators and Recordkeepers Institute. Thirty-three percent outright said they would not be ready, and 39% said they would not be ready without significant resources.

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