​ Comments Urge SEC to Allow AAA Rated Money Funds for 15c3 Reserves. The comment period for the SEC'​s Amendments to Financial Responsibility Rules for Broker-​Dealers ended yesterday, though several responses have yet to be posted. Several last-​minute comment letters, including ones from The Reserve'​s Bruce Bent and SIFMA, urge the SEC to allow AAA rated money market funds instead of only Treasury money market funds as "​qualified securities" for brokerage reserve account requirements under Rule 15c3-​3. The Securities Industry and Financial Markets Association also argued to eliminate the requirement that a money fund not be affiliated with a broker-​dealer and argued against many of the more onerous disclosure requirement for free credit balanace "​sweep" arrangements. The ICI'​s comments have yet to be posted.

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