Yes, SEC chairman Mary Schapiro lost the battle on money market fund regulations. And let it be known that the Investment Company Institute fought her till the end.

SEC documents show that the ICI wrote the SEC on Aug. 20 — two days before the SEC announced it was dropping its proposal to reform money funds via floating NAVs and capital buffers.

The letter directs its SEC audience to various posts on ICI's website addressing the issue of the Schapiro-proposed money market fund regulations and their implications.

Read the letter and access the posts " here.

The ICI hasn't yet issued any statement about FSOC involvement in money fund regulations. 

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