SEC Proposes Amendments to Rules Governing Money Market Funds

June 05, 2013

Today, the U.S. Securities and Exchange Commission (SEC) unanimously proposed for public comment two alternatives for amending Rule 2a-7 and other rules that govern money market funds under the Investment Company Act of 1940. The proposed amendments represent the next step in “the public debate that will shape the final rules to address one of the most prominent events arising from the financial crisis.”

Read "SEC Proposes Amendments to Rules Governing Money Market Funds."