SEC Provides a Temporary Exemption from the Investment Company Act for the Liquidation of Certain Money Market Funds | Practical Law

SEC Provides a Temporary Exemption from the Investment Company Act for the Liquidation of Certain Money Market Funds | Practical Law

This is a summary of temporary new rules issued by the SEC for money market funds that have "broken the buck" and are participating in the Department of Treasury's temporary guaranty program.

SEC Provides a Temporary Exemption from the Investment Company Act for the Liquidation of Certain Money Market Funds

by PLC Corporate & Securities
Published on 26 Nov 2008USA (National/Federal)
This is a summary of temporary new rules issued by the SEC for money market funds that have "broken the buck" and are participating in the Department of Treasury's temporary guaranty program.