TITLE

New Money Market Fund Rules Could Create Headaches

AUTHOR(S)
Kentouris, Chris
PUB. DATE
February 2010
SOURCE
Securities Industry News;2/8/2010, Vol. 22 Issue 3, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the adverse effects on the financial market of the new rules announced by the U.S. Securities and Exchange Commission (SEC) to enhance the liquidity and disclosure for money market funds. The amendments to the Investment Company Act of 1940 will mandate the money market funds to implement several changes to their customer service procedures and information systems. The changes could also put new restrictions on the money market funds that could alter the firm's investment compliance systems.
ACCESSION #
48081250

 

Related Articles

  • 56% of All Corporate Cash Holdings are Maintained in Banks, Largest in 10 Years.  // CFO Innovation Asia;7/28/2015, p1 

    The article reports on the Association for Financial Professionals' (AFP) Liquidity Survey series which shows that that banks maintain more than half of corporate cash holdings. It states that changes in U.S. Securities and Exchange Commission rule related to money market funds (MMFs). It...

  • Proposed Rules: SECURITIES AND EXCHANGE COMMISSION.  // Federal Register (National Archives & Records Service, Office of;6/19/2013, Vol. 78 Issue 118, p36834 

    The article reports that two alternatives for amending rules that govern money market mutual funds under the Investment Company Act of 1940 of the U.S. are being proposed by the U.S. Securities and Exchange Commission (SEC). The two alternatives seeks to deal with money market funds'...

  • SEC Targets Another Fund Servicer. Pizzani, Lori // Money Management Executive;11/13/2006, Vol. 14 Issue 43, p1 

    The article reports that Securities and Exchange Commission has been investigating another third-party back-office service for potential improper marketing arrangements with mutual fund clients in the U.S. SEI Investments Co. has been the latest provider of outsourced services to the mutual fund...

  • Support Gathers for SEC's Gates, Fees Proposals. Hung Tran // Money Management Executive;6/10/2013, Vol. 21 Issue 23, p1 

    The article focuses on the U.S. Investment Company Institute's (ICI) support to the U.S. Securities and Exchange Commission's (SEC) money market fund proposals on liquidity and redemption of securities. It states that the first reform of the proposal requires the transaction of prime...

  • SEC Seeking to Boost Safety of Money Funds. Ackerman, Andrew // American Banker;7/9/2009, Vol. 174 Issue 130, p2 

    This article discusses the publication of rules by the U.S. Securities and Exchange Commission regarding volatility in money market funds. Changes to rules regarding liquidity, the suspension of redemptions when funds are facing liquidation, and restrictions on investing in second-tier...

  • Money Market Rules Could Bring Unintended Costs. Mont, Joe // Compliance Week;Oct2014, Vol. 11 Issue 129, p14 

    The article discusses the U.S. Securities and Exchange Commission's new rules to improve the stability of money market mutual funds and prevent collapse of individual funds. Topics include the rules requiring a floating net asset value (NAV) for institutional prime money market funds, fund...

  • SEC Considers Money Fund Regulations.  // American Banker;6/25/2009, Vol. 174 Issue 121, p16 

    This article reports that the U.S. Securities and Exchange Commission has met to discuss the possible imposition of new regulations that would strengthen the safety and resilience of money market mutual funds. One of the new regulations considered included the imposition of new liquidity...

  • New Money Fund Rules Could Create Headaches For Transfer Agents. Kentouris, Chris // Money Management Executive;2/15/2010, Vol. 18 Issue 7, p1 

    The article discusses the new rules of Securities and Exchange Commission (SEC) to improve liquidity and disclosure for money market funds in the U.S. It states that the new rules spared the 3.2 trillion dollars in the industry, which derived from the operational task of marking value of shares...

  • The New Rules for Money Market Funds. Ufford, Roberta // Plan Adviser;Sep2014, p2 

    The article discusses the amended rules adopted by the U.S. Securities and Exchange Commission governing money market mutual funds, which introduced new definitions for governmental and retail money market funds. The rules include the requirement of a floating net asset value, implementation of...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics