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Sunday, June 27, 2010

ICI - SEC Staff Responds to Questions About Money Market Fund Reform

ICI - SEC Staff Responds to Questions About Money Market Fund Reform: "RE: SEC STAFF RESPONDS TO QUESTIONS ABOUT MONEY MARKET FUND REFORM



The Staff of the SEC’s Division of Investment Management has prepared responses to questions related to Rule 2a-7, and other rules applicable to money market funds in light of the amendments recently approved by the SEC. [1] The questions and answers cover the following areas: compliance dates and implementation; liquidity; stress testing; quality; and website posting. The staff has indicated that it expects to update the document from time to time to include responses to additional questions."
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Paradysz Matera