SEC Seeks Comments on Potential Money Market Fund Reforms

The SEC has issued Request for Comment on Potential Money Market Fund Reform Measures in President’s Working Group Report. Specifically, the SEC is seeking feedback on ways to “improve the resilience of money market funds,” since “certain short-term funding markets experienced stress” as a result of the COVID-19 pandemic. The potential reforms were initially addressed in a December 2020 report of the President’s Working Group on Financial Markets.

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