SEC Reforms More Money Market Fund Rules
The SEC proposed amendments to Rule 2a-7 under the Investment Company Act of 1940, as amended the 1940 Act, which governs the structure and operation of money market funds MMFs. Reflect the SEC’s concern over market stresses experienced in response to the COVID-19 Pandemic.
Exchange Commission Government Agency European Commission Investment Company Federal Reserve Investment Company Act
Source: natlawreview.com