On February 23, 2010, US regulator the Securities Exchange Commission (SEC) released rule 2a-7, the money market fund rule under the Investment Company Act of 1940 (Investment Company Act). The reform rule, designed to make money market funds more resilient to short-term risks, forces funds to meet a number of "risk-limiting conditions" before being able to market themselves to the public as a money market fund.
In a speech entitled Making Sure Investors Benefit from Money Market Fund Reform at
Should regulators take a more active role when it comes to AI oversight, or leave it to the professionals? What will M&A look like in 2018?Subscribe to Weekly Wrap emails