The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:SEC Extends Money Fund Disclosure Regs Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, September 22, 2009

SEC Extends Money Fund Disclosure Regs

News summary by MFWire's editors

The Treasury's money fund guarantee program may be over, but increased SEC scrutiny of money funds is not. The WSJ Fund Track reports on a new interim rule that requires money market mutual funds to report on their portfolio and its valuation in cases where the fund's NAV dips below $0.9975.

When the NAV hits that level, fund officials must email the SEC with a list of its portfolio holdings and their value no later than the next business day.

Those reports are intentionally similar to reports required under the guarantee program that expired on Friday. One difference is that the guarantee program required weekly reports rather than immediate disclosure when triggered.

The SEC essentially extended the disclosure through a temporary rule that will expire on Sept. 17, 2010. According to the WSJ, the SEC staff said that "The commission has found these reports very useful." 

Edited by: Sean Hanna, Editor in Chief

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use