Seeking to address issues experienced by certain money market funds in March 2020, the SEC recently proposed significant and expansive money market fund reforms. The SEC’s proposal, by a three-to-two vote, would amend Rule 2a-7 under the Investment Company Act of 1940.
Seeking to address issues experienced by certain money market funds in March 2020, the SEC recently proposed significant and expansive money market fund reforms. The SEC’s proposal, by a three-to-two vote, would amend Rule 2a-7 under the Investment Company Act of 1940.