This page has been archived and is no longer being updated. Among the final reforms was a requirement that institutional prime and municipal. In an effort to address concerns expressed by regulators that money market funds may contribute to financial instability, the securities and exchange commission recently adopted rules intended to change money market funds held by institutional inven96i keywords. 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. Vi considers alternative reform proposals, and section vii offers some concluding remarks. In 2014, reforms for us money market funds mmfs were adopted to address problems that surfaced during the 2008 financial crisis 2008 crisis. Six years later in 2014, the securities and exchange commission sec. Background on money market funds a money market fund is a type of mutual fund that is required by law to invest in shortterm, lowrisk securities. The european securities and markets authority esma, the eus. In the sec money market reform act of 2014, the commission indicates that fund families fund accountants should calculate floating navs periodically during the day e. The staff of the division of investment management has prepared the following responses to questions related to the money market fund reforms adopted in july 2014 and expects to update this document from time to time to include responses to additional questions. New eu money market fund regulation deutsche bank research. In the past three years, european money market funds mmfs have grown by an impressive eur 260 bn to eur 1. Money market funds mmfs provide shortterm finance to financial institutions, corporations and governments.
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