Money Market Funds Advisory Content

As previously reported, on January 25, the Securities and Exchange Commission (the SEC or "Commission") re-proposed a rule that was initially proposed in September 2011 (the "2011 Proposal") to implement the prohibition under Section 621 of the Dodd-Frank Act on material conflicts of...

GAO Report on Money Market Mutual Funds [34963] February 17, 2023 TO: ICI Members Money Market Funds Advisory Committee SEC Rules Committee SUBJECTS: Money Market Funds RE: GAO Report on Money Market Mutual Funds On February 2, the United States Government Accountability Office (GAO)...

On January 25, the Securities and Exchange Commission (the SEC or "Commission") re-proposed a rule that was initially proposed in September 2011 (the "2011 Proposal") to implement the prohibition under Section 621 of the Dodd-Frank Act on material conflicts of interest in connection...

On January 5, the US Treasury Department's Office of Financial Research (OFR) proposed a rule to establish a data collection program covering non-centrally cleared bilateral transactions in the US repurchase agreement ("repo") market (the "Proposed Rule"). The Proposed Rule would...

Over the last month, FINRA has proposed or adopted three separate reporting requirement changes to the Trade Reporting and Compliance Engine (TRACE). On December 13, 2022, FINRA adopted amendments to require the reporting of transactions in US dollar-denominated foreign sovereign debt...

On December 23, ICI filed a comment letter with the Securities and Exchange Commission on its proposed rules ("Proposal") that would mandate the clearing and settlement of certain secondary market transactions in US Treasury securities in which one of the counterparties is a direct...

On September 14, the SEC proposed rules ("Proposal") that would mandate the clearing and settlement of certain secondary market transactions in US Treasury securities in which one of the counterparties is a direct participant of a covered clearing agency for such securities ("Treasury...

On November 10, the Financial Stability Board (FSB) issued a progress report on work to enhance the resilience of non-bank financial intermediation (NBFI). The FSB's NBFI work program, first published as part of its Holistic Review of the March Market Turmoil in November 2020, spans...

On September 14, the SEC proposed rules that would mandate the clearing and settlement of certain secondary market transactions in US Treasury securities in which one of the counterparties is a direct participant of a covered clearing agency for such securities ("Treasury CCA").