The SEC staff has produced a report on money market fund regulations, delving deeper into the causes of investor redemptions in 2008, the efficacy of the Commission’s 2010 amendments to strengthen money market funds regulations, and the potential impacts of future reform on issuers and investors.
Commissioners Aguilar, Paredes, and Gallagher had requested such as analysis to inform further dialogue on money market reform.
In a statement regarding the staff report Commissioner Luis Aguilar noted the consideration of the potential impact of assets migrating from existing money market funds to less regulated funds as a result of structural changes to the money market funds structure.
At this time, the report has not been made available to the public.
Read Commissioner Aguilar’s press release.