SEC Proposal, 2013

In June 2013, the Securities and Exchange Commission (SEC) voted to proceed with another round of substantial regulatory changes for money market funds, following a set of reforms adopted in 2010.

For this second round of rulemaking, the SEC proposed two major components that could either stand alone or be combined. Under one alternative, money market funds would offer a stable net asset value (NAV) coupled with a new ability to impose liquidity fees and redemption gates if a fund’s liquidity is constrained. Under the other, floating NAVs would be imposed on prime and tax-exempt institutional money market funds. 

ICI Statements, Comments, and Testimony

News Release

ICI Statement on SEC Money Market Fund Rules

In 2014 the US Securities and Exchange Commission (SEC) finalized new regulations governing money...
Comment Letter

Letter to IRS Withdrawing Request for Guidance Permitting Tax-Free Reorganizations by Money Market F...


ICI Chief Economist Brian Reid Debates Money Market Fund Reform on Nightly Business Report

ICI chief economist Brian Reid appeared on Nightly Business Report to discuss money market fund...

More Statements, Comments, and Testimony