SEC proposed amendments to Rule 2a-7 under the Investment Company Act of 1940. One key element is a requirement that institutional prime and institutional tax-exempt money market funds adopt swing pricing policies so investors bear the liquidity costs of redemptions.
On Dec. 15, 2021, the Securities and Exchange Commission (SEC) voted to propose amendments to certain rules governing money market funds under the Investment Company Act of 1940 (the 1940 Act).
I. EXECUTIVE SUMMARY - On 15 December 2021, the Securities and Exchange Commission (the SEC) proposed amendments to Rule 2a-7 under the Investment Company Act of 1940, as amended (the.
Securities and Exchange Commission proposed amendments to Rule 2a-7 under the Investment Company Act of 1940, as amended which governs the structure and operation of money market funds