SEC Alert! SEC Adopts New Rule for Money Market Fund Reforms and Amendments to Form PF Reporting Requirements for Large Liquidity Fund Adviser Boosting Transparency. Changes to how funds report information to Forms N-CR, N-MFP, and PF
https://www.sec.gov/rules/final/2023/33-11211.pdf (424 pages!)Wut mean?:
The Securities and Exchange Commission (SEC) is making some changes to the rules that control money market funds. Money market funds are like a type of mutual fund that invests in highly liquid, short-term financial instruments. These