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Amended Rule 2a-7 (2010) § 270.2a-7 Money market funds. (a) Definitions. (1) Acquisition (or . Acquire) means any purchase or subsequent rollover (but does not include the failure to exercise a Demand Feature). (2) Amortized Cost Method. of valuation means the method of calculating an
6 dni temu · Rule 2a-7 states that the average dollar-weighted portfolio maturity of investments held in a money market fund cannot exceed 60 days. No more than 3% of assets can be invested in securities...
7 sie 2012 · Although the diversification requirements of rule 2a-7 generally restrict a fund’s exposure to any one portfolio security, a default of any First or Second Tier Security issued by a single issuer could cause a money market fund to “break a buck.” How should funds stress test defaults?
A money market fund that satisfies the applicable diversification requirements of paragraphs (d)(3) and (e) of this section shall be deemed to have satisfied the diversification requirements of section 5(b)(1) of the Act (15 U.S.C. 80a-5(b)(1)) and the rules adopted thereunder.
22 sie 2023 · The SEC increased a money market fund’s minimum daily liquid asset requirement from 10% to 25% and minimum weekly liquid asset requirement from 30% to 50% of its total assets. Tax-exempt money market funds, however, continue to not be subject to the minimum daily liquid asset requirement of Rule 2a-7.
Current Rules of Practice and Rules on Fair Funds and Disgorgement Plans The official Rules of Practice are available at 17 CFR 201.100 , et seq. Instructions for Electronic Filings in Administrative Proceedings (eFAP)
Rule 2a-7 is a complex, often puzzling array of stringent requirements, further complicated by the 2014 reforms. This unique Guide will help you understand the impact of the reforms and help you achieve your goals relating to money market fund issues. • Optimize procedures for fees and gates.
