Money Market Funds Content

On December 13, the SEC adopted a final rule to mandate central clearing and settlement of certain secondary market transactions in US Treasury securities—cash Treasuries and Treasury repo and reverse repo—in which one of the counterparties is a direct participant of a covered...

On December 6, 2023, the UK HM Treasury (HMT) and Financial Conduct Authority (FCA) each published consultations on money market fund (MMF) reform to replace the retained EU law related to MMFs with a new framework, specifically designed for the UK. The HMT published a policy note and...

ICI and ICI Global filed a cover note and response to the European Securities Market Authority's (ESMA) call for evidence on shortening the settlement cycle (Call for Evidence).

On November 27, 2023, the Securities and Exchange Commission (SEC or "Commission"), on a 4-1 vote by seriatim, adopted Rule 192 ("Final Rule") under the Securities Act of 1933 ("Securities Act"), which implements the prohibition under Section 621 of the Dodd-Frank Act on material...

On November 3, the Commodity Futures Trading Commission (CFTC or "Commission"), by seriatim, issued proposed amendments ("Proposal") to its rules governing the safeguarding and investment of funds deposited by customers to margin futures, foreign futures, and cleared swap transactions...

ICI Global has filed comments with the Central Bank of Ireland (CBI) regarding the Discussion Paper: An approach to macroprudential policy for investment funds (Discussion Paper).

On November 3, FINRA filed a proposed rule change with the SEC to amend its rules to allow it to disseminate transaction-level data in US Treasury securities that are On-the-Run Nominal Coupons on an end-of-the-day basis. Comments on the proposal are due on Thursday, November 30, 2023...

On November 3, the Financial Stability Oversight Council (FSOC or Council) unanimously approved: (i) revised guidance on the Council's process for potential designation of a nonbank financial company as a systemically important financial institution (SIFI); and (ii) an analytic...

On October 5, the European Securities and Markets Authority (ESMA) published a call for evidence on shortening the settlement cycle (Call for Evidence). ESMA is seeking stakeholder views and quantitative evidence to better understand issues and costs and benefits associated with...