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SEC Implements Money Market Fund Reform to Protect Investors


On July 23, the Securities and Exchange Commission voted in favor of major structural reform to money market mutual funds, including one of the most significant changes—a “floating NAV.” While new mandates aren’t anticipated to go into effect until September 2016, plan sponsors are encouraged to familiarize themselves with the changes, understanding all types of money market funds are affected differently.

http://www.ascende.com/Insight-Knowledge/Advisories-Publications/SEC-Implements-Money-Market-Fund-Reform-to-Protect-Investors/

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