SEC Releases Long-Awaited Money Market Fund Reform Proposal

Skadden, Arps, Slate, Meagher & Flom LLP

Thomas A. DeCapo Kenneth E. Burdon

On June 5, 2013, the U.S. Securities and Exchange Commission released for public comment its proposal to further reform the regulatory structure governing money market funds and address the perceived systemic risks they present. The release represents the most comprehensive proposed rewrite of money market fund regulation in 30 years and could have far-reaching implications for money market funds and the broader industry.

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