Pittsburgh-based data automation company Confluence has created new software that helps fund administrators comply with new reporting requirements to Rule 2a-7 regarding money market mutual funds.

Under the new rules issued by the Securities and Exchange Commission, all money market fund activity must be filed using the coding known as eXtensible Markup Language (XML). Funds must use Form N-MFP to file electronically through the SEC's EDGAR system, as well as report the information on their own websites.

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