- Latest Updates
- Basics on Money Market Funds
- Importance to Investors and the Economy
- ICI Positions on Key Reform Issues
- 2013: SEC Reforms
- 2013: FSOC Recommendations
- 2011: The President's Working Group Report
- 2010: SEC Reforms
- 2009: ICI's Money Market Working Group
- Other U.S. Regulatory Developments
- International Developments
- Additional Money Market Fund Resources
Keep Money Market Funds Working for the Economy and All Americans
For more than four decades, money market mutual funds have played an essential role in the financial system and the economy. Today, 60 million individuals and thousands of cash managers rely on these transparent, diversified cash-management tools, which also provide critical financing for businesses, nonprofits, and governments.
In 2010, the Securities and Exchange Commission (SEC) adopted comprehensive new regulations to make money market funds more resilient. Now, regulators are working on another round of regulations. One proposal would require institutional prime and tax-exempt funds to “float” their share prices, or net asset values (NAVs). This policy threatens to increase costs and burdens—and drive away investors.
The SEC, which is accepting comments on these proposals until September 2013, can avoid this outcome. It can make money market funds stronger by dropping its “float” requirement and instead adopting other changes that address regulators’ concerns without undermining the myriad benefits that money market funds deliver.
Interested in more information? Choose from the options below:
- I want to learn more about the basics of money market funds.
- I want to learn more about the importance of money market funds to investors and the economy.
- I want to learn more about the businesses, nonprofits, and state and local governments that rely on money market funds and that support preservation of their core features.
- I want to learn more about the proposed SEC reforms—and why the floating NAV is the wrong policy choice.
Interested in making your voice heard? Contact policymakers to urge sound policy for money market funds.
The Investment Company Institute is the voice of registered funds and their investors. Members of ICI manage total assets of $15.3 trillion and serve more than 90 million shareholders.