Start hereDictionarySearch
English
日本語English中文ItalianoFrançaisDeutschEspañol
Sign in Fees and how to study
NOMISMA
Read history Money history: the world and JapanBubbles, frauds and financial crisesPeople who changed moneyReadingsSee all of Read history
Understand how money works Banks and depositsInterest, prices and exchange ratesCash and digital paymentsHistory's lessons for today's decisionsSee all of Understand how money works
Look at coins Browse by photoImages, letters and materialsCare, storage and tradingSee all of Look at coins
Start hereDictionarySearch
Fees and how to study Sign in
Language
日本語English中文ItalianoFrançaisDeutschEspañol
BIBLIOGRAPHY

Money Market Fund Reforms; Form PF Reporting Requirements for Large Liquidity Fund Advisers (Final rule, 88 FR 51404, August 3, 2023)

U.S. Securities and Exchange Commission

Claims Supported by This Source

  1. The SEC amended its rules for MMFs (decided by the Commission on July 12, 2023, effective October 2, 2023). It removed the ability for a fund's board to temporarily suspend redemptions (gates) when liquidity falls below a certain threshold, and also removed the link between liquidity thresholds and liquidity fees.
  2. It mandated that institutional prime and tax-exempt MMFs impose a liquidity fee when net redemptions exceed 5% of net assets. It raised the minimums for daily liquid assets (DLA) and weekly liquid assets (WLA) to 25% and 50%, respectively.

How to read the verification levels. 'Read' means the material was read in its entirety. 'Bibliography and abstract confirmed' means the bibliographic information and abstract were verified. 'Via course material' means the source was referenced through the main text of a book or a country's monetary history. The text hash is the SHA-256 of the main text from the original source page, excluding tags and whitespace, used to detect if the material has been altered.