In July 2014 the Securities and Exchange Commission adopted amendments to its money market fund rules that will require institutional prime money market funds to use a variable net asset value instead of a stable $1.00 per share and will allow boards of all money market funds to impose liquidity fees and redemption gates to address the risk of runs. In April 2015 the SEC issued clarifying guidance for implementing these rules. Tomorrow at 2pm EST, Joan Swirsky, a partner with Stradley Ronon, will update listeners on the progress of reform, and the impact on fund boards.
This webinar will be broadcast live from 2:00 to 3:00 Eastern time on Thursday, July 23, 2015. To register, click here. If you need assistance, call the Forum at (202) 507-4488.