Removal of Certain References to Credit Ratings and Amendment to the Issuer Diversification Requirement in the Money Market Fund (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition‪)‬

The Law Library presents the complete text of the Removal of Certain References to Credit Ratings and Amendment to the Issuer Diversification Requirement in the Money Market Fund (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition).
Updated as of May 29, 2018

The Securities and Exchange Commission (“Commission”) is adopting certain amendments, initially proposed in March 2011 and re-proposed in July 2014, related to the removal of credit rating references in rule 2a-7, the principal rule that governs money market funds, and Form N-MFP, the form that money market funds use to report information to the Commission each month about their portfolio holdings, under the Investment Company Act of 1940 (“Investment Company Act” or “Act”). The amendments will implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”). In addition, the Commission is adopting amendments to rule 2a-7's issuer diversification provisions to eliminate an exclusion from these provisions that is currently available for securities subject to a guarantee issued by a non-controlled person.

This ebook contains:
- The complete text of the Removal of Certain References to Credit Ratings and Amendment to the Issuer Diversification Requirement in the Money Market Fund (US Securities and Exchange Commission Regulation) (SEC) (2018 Edition)
- A dynamic table of content linking to each section
- A table of contents in introduction presenting a general overview of the structure