15 Dec 2021 – US Securities Exchange Commission proposes amendments to rules that govern Money Market Funds under the Investment Act of 1940.

Extract of SEC Press Release: “Together, these amendments are designed to reduce the likelihood of runs on money market funds during periods of stress,” said SEC Chair Gary Gensler. “They also would equip funds to better meet large redemptions, addressing concerns about redemption costs and liquidity. Given the broad reach of short-term funding markets, these proposals speak to our remit to maintain fair, orderly, and efficient markets.”

See full proposed amendments here