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SEC to Finalize Money Market Fund Final Rule by May
Association for Financial Professionals [AFP] 
Apr. 1, 2014
"The regulator is once again crafting a plan that would force prime institutional MMFs to float the net asset value (NAV). However, the SEC is also considering complaints it has received from the MMF industry and is looking into exempting certain MMFs from having to float their share price. Specifically, the SEC is considering broadening its definition of retail MMFs, which are exempt from the floating NAV in the plan[.]"
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