The SEC Division of Investment Management issued guidance on the use of fee waiver and expense reimbursement arrangements that result in differing advisory fees for different share classes of the same fund.
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The SEC requested comment on the potential money market fund reform measures outlined in the President's Working Group of Financial Markets December 2020 report.
The President's Working Group on Financial Markets reviewed money market fund performance during the COVID-19 pandemic and provided a number of "potential policy measures to increase the resilience of prime and tax-exempt money market funds."
An SEC final rule on exemptions for mutual funds, exchange-traded funds, registered closed-end funds and business development companies when entering into derivatives transactions was published in the Federal Register.
The SEC adopted a final rule on exemptions for mutual funds, exchange-traded funds, registered closed-end funds and business development companies when entering into derivatives transactions.