Fundsters seeking more clarity about the impending money market fund reforms can take a gander at new guidance from the Securities and Exchange Commission (SEC
On Tuesday the SEC's staff posted
a kind of FAQ on the new Rule 2a-7 reforms, set to go into effect on Tuesday, June 1.
The Q&A page addresses issues related to weighted average maturity (WAM) and weighted average life (WAL), registration statement amendments, liquidity, stress testing, asset-backed securities, online disclosures and more.
Neil Anderson, Managing Editor
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