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SEC staff releases analyses related to money market fund reform

  • SEC (US Securities and Exchange Commission) Image

Mar 25, 2014

The SEC staff has made available certain analyses of data and academic literature related to money market fund (MMF) reform. The analyses are intended to help the public evaluate final rule amendments for the regulation of MMFs.

The SEC staff has added the analyses to the comment file for the SEC’s June 2013 proposed rule on MMF reform. As noted in the Commission’s press release, the analyses examine:

  • “The spread between same-day buy and sell transaction prices for certain corporate bonds from Jan.  2, 2008 to Jan. 31, 2009.
  • The extent of government money market fund exposure to non-government securities.
  • Academic literature reviewing recent evidence on the availability of ‘safe assets’ in the U.S. and global economies.
  • The extent various types of money market funds are holding in their portfolios guarantees and demand features from a single institution.”

The press release also specifies that the public can submit comments on the analyses to the comment file until April 23, 2014, and that “[a]dditional studies, memoranda, or other substantive items may be added by the Commission or staff to the comment file during this rulemaking.”

For more information, see the press release on the SEC’s Web site.

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