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SEC RIN: 3235-AM80 Publication ID: Spring 2023 
Title: Money Market Fund Reforms 

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
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