SEC to Hold Hearing on Money Fund Regs
The Securities & Exchange Commission issued a "Sunshine Act Notice" to hold an "Open Meeting" on Wednesday, June 24, 2009 at 10:00 a.m., in the Auditorium, Room L-002. "The subject matter of the Open Meeting will be: The Commission will consider whether to propose amendments governing the operations of money market funds." The notice adds, "At times, changes in Commission priorities require alterations in the scheduling of meeting items. For further information and to ascertain what, if any, matters have been added, deleted or postponed, please contact: The Office of the Secretary at (202) 551-5400. Elizabeth M. Murphy, Secretary." For more, see yesterday's Crane Data News "SEC Proposals for Money Fund Reg Changes to Be Mild Says Bloomberg". When the proposed regulations are issued, we expect them to be posted on the SEC's website here. In other news, see also the Bloomberg articles "Money-Fund Rules May Change as Obama Seeks Regulatory Overhaul" and "Fidelity Breaks With Money Funds on Plan Limit to Debt Holdings".
