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SPARK Institute Comment Letter to Financial Stability Oversight Council on Proposed Money Market Mutual Fund Reforms (PDF)
SPARK Institute
[Opinion] Jan. 18, 2013
"We are very concerned that the Proposed Recommendations will adversely impact money market funds, and as a result will also negatively impact tens of thousands of retirement plans and millions of plan participants.... Collectively, the Proposed Recommendations would limit the use and availability of money market funds for retirement plans because they would require plan record keepers to make significant and cost prohibitive changes to their record keeping systems. Record keepers are unlikely to undertake making the required changes."
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