Money Market Funds

"We have bank and nonbank intermediaries using leverage, particularly in the prime brokerage relationships, and when stress enters the system, the result can be instability"

The CFTC proposes to to eliminate a provision disqualifying the securities issued by certain pooled investment funds that transfer their assets through securities lending, securities ...

The rule amendments are effective October 2, 2023. The amendments to Forms N–1A and N–CSR are effective October 2, 2023 and the amendments to Forms ...

MMF boards will be able to delegate the administration of the new fee framework to their investment advisers

"Today’s adoption contains the same flaw that tanked the 2014 money market fund rulemaking—an insistence that our own judgment is superior to that of money ...

"Today’s rule draws upon lessons learned from both 2008 and 2020. First, it removes the link between liquidity fees and redemption gates, on the one ...

"Today’s rules will amend Form PF for large liquidity fund advisers to align their reporting requirements with those of money market funds. Taken together, the ...

"Unfortunately, it appears the Commission is poised to repeat the errors of the past.  This time it may even be worse, as the final rule ...

"Increases in a fund’s liquidity requirements may reduce the transaction costs of redemptions. Eliminating the ability of a fund to suspend investor redemptions may reduce ...

Firm overstated projected yield and projected annual income for nine money market funds on 8.5 million account statements