SEC proposed rule amendments that would require money market funds to
maintain a portion of their portfolios in highly liquid investments,
reduce their exposure to long-term debt and limit their investments to
only the highest quality portfolio securities. The proposals also
would require the monthly reporting of portfolio holdings and allow
the suspension of redemptions if a fund’s net asset value falls below
$1 per share.
are due Sept 8. The proposal is available at tinyurl.com/mutvuj.