The SEC recently adopted new rules and amendments to existing rules governing the regulation of money market funds. The amendments are designed to strengthen Rule 2a-7’s risk-limiting conditions, enhance portfolio information disclosure, and improve fund operations. Members of Dechert’s Financial Services team will discuss what boards and their advisers need to know regarding the new regulatory model for money market funds.

Webinar Topics

■ Overview of reforms

■ Management’s consideration of new quality, maturity, and liquidity requirements

■ New disclosure requirements: website postings, SEC reporting

■ Operational issues: processing of transactions, purchases by affiliates, and suspension of redemption

■ New duties of boards: designation of NRSROs, stress testing of portfolios, and evaluation of repurchase agreement counterparties

■ New authority of boards: suspension of redemptions

Continuing Legal Education (CLE): Applications for accreditation of this program for Continuing Legal Education in New York and California are currently pending.

Dechert LLP has represented financial services companies for more than 50 years. Our financial services lawyers in the United States, Europe, and Asia advise on a full spectrum of legal services, including fund formation and offerings, investment company and investment adviser regulation, fund restructuring transactions and consolidations, derivatives regulation, tax structuring, and securities litigation.

The Legal 500 has praised Dechert for its “market-leading reputation for hedge funds,” while CogentHedge named us one of the top three onshore legal advisers globally serving hedge funds. Chambers USA and Chambers UK have ranked Dechert as a leading law firm for investment funds.