The ICI announced that it is hosting a workshop on February 4 entitled, "Will You Be Ready? Implementing the New Money Market Fund Rules," which will prep money fund managers on the SEC reforms. The notice says, "Please join the Investment Company Institute on February 4, 2015, at the Marriott Wardman Park in Washington, DC, for a one-day conference exploring the legal, operational, and board considerations associated with the U.S. Securities and Exchange Commission's 2014 money market fund rules. "Will You Be Ready? Implementing the New Money Market Fund Rules" will bring together money market fund practitioners and representatives from the SEC for an in-depth discussion and exchange of ideas on the implications of the new rules. Conference attendees will: Hear about the legal and interpretive issues of the new rules; Learn about the operational considerations and challenges facing the industry; Gain insight about new fund board responsibilities; Learn about the new money market fund disclosure requirements; Be eligible for CLE/CPE credit." Registration fees are $650 for members, $850 for nonmembers, $350 for independent directors, and $350 government rate. Also, ICI's latest weekly "Money Market Fund Assets," says, "Total money market fund assets decreased by $18.59 billion to $2.71 trillion for the eight-day period ended Wednesday, January 7.... Among taxable money market funds, Treasury funds (including agency and repo) decreased by $23.12 billion and prime funds decreased by $270 million. Tax-exempt money market funds increased by $4.80 billion. Assets of retail money market funds increased by $4.66 billion to $915.96 billion.... Assets of institutional money market funds decreased by $23.25 billion to $1.80 trillion. Among institutional funds, Treasury money market fund assets decreased by $22.00 billion to $791.91 billion, prime money market fund assets decreased by $3.53 billion to $933.37 billion, and tax-exempt fund assets increased by $2.29 billion to $73.07 billion."
