A new comment letter on the SEC's MMF Reform Proposal from John D. Hawke, Jr., Arnold and Porter, LLP on behalf of Federated Investors asks for a 60-day extension on the comment period. It says, "We are writing on behalf of our client, Federated Investors, Inc. and its subsidiaries ("Federated"), regarding the Securities and Exchange Commission's (the "Commission") proposed rules on money market fund ("MMF") reform (the "Release"). We note that the Release is 698 pages long and includes well over 1,000 questions and requests for data. In view of the very large number of questions and the amount and complexity of the cost data and other information requested, we respectfully request that the Commission extend the comment period. The changes proposed in the Release are fundamental to the nature of MMFs, and would have wide-ranging implications across the economy. An extension of the comment period for an additional 60 days would permit Federated and others to complete efforts to assemble data and to respond more fully to the questions and requests for information in the Release."

Email This Article




Use a comma or a semicolon to separate

captcha image