The SEC’s Money Market Fund Reforms
The Securities and Exchange Commission, by a vote of 3 to 2, approved significant changes to Rule 2a-7 and other rules that govern money market funds under the Investment Company Act of 1940 (Amendments) on July 12, 2023. Among other things, the SEC: adopted a new mandatory liquidity fee framework under Rule 2a-7 for institutional … Continue reading The SEC’s Money Market Fund Reforms
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