November 3, 2010
SEC Seeks Public Comment on Money Market Fund Reforms
The SEC published a request for public comment on the options discussed in the President's Working Group on Financial Markets report on possible money market fund reforms. As contemplated by the President's Working Group report, the SEC is requesting public comment on the options described in the report, including the effectiveness of the options in mitigating any systemic risk or susceptibility to runs associated with money market funds, as well as their potential impact on money market fund investors, fund managers, issuers of short-term debt, and other stakeholders. Comment received will assist the SEC and the Financial Stability Oversight Council in their further analysis.
The public comment period will remain open for 60 days following publication of the comment request in the Federal Register.
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As contemplated by the Presidentship's Employed Grouping interrogatory, the SEC is requesting open comment on the options described in the account, including the effectuality of the options in mitigating any systemic try or susceptibleness to runs related with money activity assets, as intimately as their potential consequence on money market fund investors, money managers, issuers of short-term debt, and different stakeholders. Statement conventional faculty support the SEC and the Financial Unchangeability Fault Council in their boost analysis.
Posted by: luis alexandar | Apr 28, 2011 10:34:49 AM