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SEC Adopts Amendments to Address Runs on Money Market Funds and Increase Transparency of Money Market Fund Risks
Sidley Austin LLP Link to more items from this source
[Guidance Overview]
Sept. 2, 2014
"Institutional prime money market funds and institutional municipal money market funds will be required to 'float' their net asset value (NAV) and sell and redeem shares based on the current market value of the securities in their underlying portfolios, similar to other open-end funds.... The Rule Amendments also adopt, largely as proposed, new disclosure requirements for money market funds and other similar funds, changes to Form N-MFP, the introduction of new Form N-CR, tightening of existing diversification requirements under the Rule, new stress testing requirements and certain 'clarifying' amendments to the Rule's existing requirements."

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