New Money Market Funds Regulations — Mercer

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New Money Market Funds Regulations


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SEC issued a set of reforms for Money Market Funds

On July 23, 2014, the SEC issued a set of reforms for Money Market Funds. The rules have been amended to address risks of a run on MMFs, and are to be implemented in the next two years. These changes are only applicable to money market mutual funds regulated by Rule 2a-7 under the Investment Company Act of 1940.

 

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