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SEC

RIN: 3235-AM80

Publication ID: Spring 2023

Title: Money Market Fund Reforms
Abstract: The Division is considering recommending that the Commission adopt reforms relating to the regulation of money market funds. The Commission proposed to remove the liquidity fee and redemption gate provisions in the existing rule, and to require certain money market funds to implement swing pricing policies and procedures. The Commission also proposed to increase minimum liquidity requirements for money market funds, as well as reporting and disclosure amendments. In addition, the Commission proposed rule amendments to address how money market funds with stable net asset values should handle a negative interest rate environment.
Agency: Securities and Exchange Commission(SEC)	Priority: Substantive, Nonsignificant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Final Rule Stage
Major: Undetermined	Unfunded Mandates: No
CFR Citation: 17 CFR 270.2a-7 17 CFR 270.2a-2 17 CFR 239.15A 17 CFR 274.11A 17 CFR 274.201 17 CFR 274.222
Legal Authority: 15 U.S.C. 80a-6(c) 15 U.S.C. 80a-8(b) 15 U.S.C. 80a-22(c) 15 U.S.C. 80a-34(d) 15 U.S.C. 80a-37(a) 15 U.S.C. 80a-8 15 U.S.C. 80a-24(a) 15 U.S.C. 80a-24(g) 15 U.S.C. 80a-29 15 U.S.C. 80a-37 15 U.S.C. 80a-29(b) 15 U.S.C. 80a-30(a)

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	02/08/2022	87 FR 7248
NPRM Comment Period End	04/11/2022
NPRM Comment Period Reopened	10/18/2022	87 FR 63016
NPRM Comment Period End	11/01/2022
Final Action	10/00/2023

Regulatory Flexibility Analysis Required: No	Government Levels Affected: Undetermined
Federalism: Undetermined
Included in the Regulatory Plan: No
RIN Data Printed in the FR: No
Agency Contact: Angela Mokodean Division of Investment Management Securities and Exchange Commission 100 F Street NE, Washington, DC 20549 Phone:202 551-5490 Email: mokodeana@sec.gov