SIFMA Submits Comments to the FSOC on Recommendations for Money Market Fund Reform
SIFMA has submitted comments to the Financial Stability Oversight Council ("FSOC") concerning its proposed recommendations regarding money market mutual fund reform. The comments focus on seven points that fall within the following four categories:
- FSOC's Process;
- Guiding Principles;
- Floating Net Asset Value (NAV); and
- Other Possible Reforms - Redemption Gate accompanied by Liquidity Fee.
Click hereto view letter in full (links externally to SIFMA website).Related News Story: FSOC Recommendations on Money Market Funds (with Lofchie Comment) (November 19, 2012).