We learned from mutual fund news publication ignites that shareholder servicer DST Systems has filed the most recent Comment Letter under the SEC'​s "​President'​s Working Group Report on Money Market Fund Reform (​Request for Comment)". DST writes, "​We understand the Securities and Exchange Commission is reviewing potential additional money market reform options. DST Systems, Inc. respectfully submits our thoughts for your consideration. Our comments focus on U.​S. money market funds and the significant impacts potential redemption restriction reform options will have on systems, operations and shareholder behavior that could cripple if not destroy money market funds as a shareholder convenience." They say about redemption restrictions, "The systems and operational implications of this reform are pervasive and would be expensive for questionable benefit, and would likely be destructive to the money market fund product. It would require systems and operational changes for all parties involved in the money market mutual funds product delivery cycle.... As with a transaction based approach, a minimum account balance approach would similarly require pervasive and expensive systems and operational changes for a wide variety of parties that deliver money market mutual funds to investors. Additional tracking systems for calculating and reporting minimum balances would require significant programming."

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