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Money Market Funds
SEC Seeks More Comments on MMF’s use of Rating Agencies
October 08, 2009
Earlier this year, the Commission proposed to amend Rules 2a-7, 3a-7, 5b-3 and 10f-3 under the Investment Company Act and Rule 206(3)-3T under the Investment Advisors Act to remove references to, and eliminate reliance on, credit rating agencies, or NRSROs. The Commission recently… read more
Money Market Fund Guarantee Program Expires
September 22, 2009
As expected, the Guarantee Program for Money Market Funds expired on Friday, September 18. Under the program, the U.S. Treasury guaranteed the share price of any publicly offered eligible money market mutual fund—both retail and institutional—that applied for and paid a fee to participate… read more
Forum Files Comments on Money Market Proposals
September 09, 2009
Yesterday, the Forum submitted a letter commenting on the SEC's rule proposals amending Rule 2a-7, which governs money market mutual funds. As we summarized in our June 24, 2009 post, "SEC Proposes Money Market Reform Options,"… read more
Money Market Fund Proposals: New Duties for Directors
July 07, 2009
Directors overseeing money market mutual funds will want to pay close attention to the recent rule proposals on money market funds published last week by the SEC. In addition to the existing responsibilities of directors of money market funds for oversight of fair… read more
SEC Publishes Money Market Reform Proposals
July 06, 2009
On June 30, the SEC published the full text of money market reforms the Commission voted to propose for public comment at it's June 24, 2009 open meeting. As we described in our June 24 News Feed post, "SEC Proposes Money Market Reform Options,"… read more