Wednesday, November 3, 2010
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.