The Securities and Exchange Commission has decided to extend the deadline for the redemption fee rule, Rule 22c-2, past Oct. 16.

Now fund companies have until April 16, 2007 to enter into information-sharing agreements with intermediaries and until Oct. 16, 2007 to actually begin receiving that information.

The Commission also reduced the number of shareholder information-sharing agreements that fund companies must enter into by not requiring fund companies to obtain information from an entity that they treat as an individual investor. That means they won’t have to obtain information from small retirement plans.

Funds also will only be required to enter into information-sharing agreements with those intermediaries who submit orders directly to the fund company, its principal underwriter or transfer agent, rather than with indirect intermediaries.

The SEC hasn’t posted the full details of its decision on its website, but said it will do so soon.

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