Securities Law Updates | New Statutes, Regulations and Rules
February 3, 2010
SEC’s Final Temporary Rule Imposes New Reporting Requirements for Certain Money Market Funds
Disclosure of Certain Money Market Fund Portfolio Holdings
17 CFR Part 270, Release No. IC-28903; File No. S7-20-09, RIN 3235-AK33, 9/17/2009
The Securities and Exchange Commission (“Commission” or “SEC”) is adopting an interim final temporary rule under the Investment Company Act of 1940 to require money market funds to report their portfolio holdings and valuation information to the Commission under certain circumstances.
The new reporting requirement is designed to provide information substantially similar to that submitted by certain money market funds under the Temporary Guarantee Program for Money Market Funds established by the Department of the Treasury (“Treasury Department”), which will expire on September 18, 2009.
The effective date of this final temporary rule is from September 18, 2009 through September 17,…
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