Money Market Fund Reform (Us Securities and Exchange Commission Regulation) (Sec) (2018 Edition)

By The Law Library

The Law Library presents the complete text of the Money Market Fund Reform (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition).

Updated as of May 29, 2018

The Securities and Exchange Commission ("Commission" or "SEC") is adopting amendments to certain rules that govern money market funds under the Investment Company Act of 1940. The amendments will tighten the risk-limiting conditions of rule 2a-7 by, among other things, requiring funds to maintain a portion of their portfolios in instruments that can be readily converted to cash, reducing the maximum weighted average maturity of portfolio holdings, and improving the quality of portfolio securities; require money market funds to report their portfolio holdings monthly to the Commission; and permit a money market fund that has "broken the buck" (i.e., re-priced its securities below $1.00 per share), or is at imminent risk of breaking the buck, to suspend redemptions to allow for the orderly liquidation of fund assets. The amendments are designed to make money market funds more resilient to certain short-term market risks, and to provide greater protections for investors in a money market fund that is unable to maintain a stable net asset value per share.

This ebook contains:

- The complete text of the Money Market Fund Reform (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition)

- A dynamic table of content linking to each section

- A table of contents in introduction presenting a general overview of the structure

• Format: Paperback
• Language: English
• ISBN: 179465643X
• ISBN13: 9781794656437
• Release Date: January 2019
• Publisher: Independently Published
• Length: 148 Pages
• Weight: 0.59 lbs.
• Dimensions: 0.3" x 7.0" x 10.0"