On December 15, 2021, the U.S. Securities and Exchange Commission (the “SEC”) voted, by a 3-2 vote, to propose money market fund reforms that would significantly impact the regulatory framework governing money market funds...more
12/22/2021
/ Comment Period ,
Financial Regulatory Reform ,
Form N-MFP ,
Investment Company Act of 1940 ,
Liquidity ,
Liquidity Fees ,
Money Market Funds ,
Proposed Amendments ,
Public Comment ,
Redemption Gates ,
Reporting Requirements ,
Rule 2a-7 ,
Securities and Exchange Commission (SEC) ,
Swing Pricing
The SEC recently adopted amendments to the rules governing MMFs. Most particularly, the amendments (i) require institutional prime and institutional tax-exempt MMFs to use a floating net asset value as opposed to allowing...more