The Securities and Exchange Commission (SEC) at its open meeting on January 27th voted 4-1 (with Commissioner Casey dissenting) to adopt new rules to enhance the current regulatory framework for money market funds.  These new rules are designed to increase the resiliency of money market funds to market stresses, reduce the risks of runs on the funds (such as when the Reserve Primary Fund “broke the buck” ), and protect investors if a fund does break the buck.  The new rules are similar to those proposed in June with some significant differences.

Source: Investment Management Alert
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