SEC: Money market rules set to take effect
New rules affecting money market funds are to take effect May 5.
New rules affecting money market funds are to take effect May 5. Intended to increase the resilience of money market funds and reduce the risk of runs on such funds, the SEC rules impose new requirements on liquidity, credit quality and maturity limits, among other provisions. For more details of the rules, including compliance dates for certain provisions, click here.
