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ICI Comment Letter to Financial Stability Oversight Council on Proposed Money Market Mutual Fund Reforms (PDF)
Investment Company Institute [ICI]
[Opinion] Jan. 24, 2013 "We remain firmly committed to working with regulators on this important issue. We submit, however, that this process should be guided by two principles. First, we should preserve those key features of money market funds that have made them so valuable and attractive to investors. Second, we should preserve choice for investors by ensuring a continued robust and competitive global money market fund industry.... [S]hould regulators continue to believe further actions are necessary, the use of gates and liquidity fees by 'prime' money market funds can provide further stability to money market funds consistent with these two objectives." MORE >> |
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