Frequently Asked Questions On Money Market Reform.pdf

2014-mmf-reform-faq-markup-v1.pdf
Preview of Frequently Asked Questions on Money Market Reform
🔗 Source: sec.gov
📊 Size: 497 KB
👤 Author: U.S. Securities and Exchange Commission
⬇️ Downloads: 105

Summary

The staff of the Division of Investment Management has prepared responses to questions related to the 2014 money market fund reforms. The FAQs cover topics such as sponsor support, financial support, and reporting requirements on Forms N-MFP, N-CR, and N-1A. Key points include:
- Sponsor support and financial support are used interchangeably, and funds should report the value of securities held in their portfolio, both excluding and including the value of any sponsor support or financial support.
- A capital contribution made by a fund's investment adviser to correct a NAV error may not qualify as financial support that must be reported on Form N-CR if the board of directors determines it is not intended to increase or stabilize the fund's portfolio.
- A capital contribution made to avoid dilution during a fund reorganization pursuant to exemptive relief may not be considered financial support that must be reported on Form N-CR.
- A floating NAV money market fund should include an explanation of how it uses fair value pricing in its Form N-1A filing.
- A retail money market fund may disclose in its prospectus that investments are limited to retail persons.

Description

The staff of the Division of Investment Management has prepared responses to questions related to the 2014 money market fund reforms.

Technical Information

  • File Format: PDF
  • File Size: 497 KB
  • Pages: 18
  • Language: EN
  • Author: U.S. Securities and Exchange Commission
  • Total Downloads: 105
  • Last Updated: 2 weeks ago

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