AFP Money Market Resource Center
The SEC has instituted new money market mutual fund rules concerning maturities of fund holdings, types of holdings, amount of liquidity, and the way in which funds report the value of their holdings to the public. These new rules could put corporate investors in money market funds in violation of their investment policies if those policies require a constant share price.
MMF Regulatory Action Likely – Sign on to AFP’s Joint Letter
It is expected that SEC will release additional rules and guidance on money market fund reforms issue in early 2012. In anticipation of this action, AFP is preemptively reiterating our position to the SEC and collecting the names of companies who share our views. AFP will send a joint letter highlighting our concerns and we invite you to sign on to this letter and add your company name to the effort. Click here to view a copy of the draft letter. If you would like to add your organization’s name to our efforts, please contact AFP’s Director of Government Relations & Public Policy Jeanine Arnett at jarnett@AFPonline.org.
Support Resources for Changes to 2a-7 MMFs
Articles/Advisories
Comment Letters and Testimonies
AFP Liquidity Survey
The AFP Liquidity Survey delves into many questions related to short-term investments and liquidity sources: www.afponline.or/liquidity