U.S. global fund managers are not prepared for new money market rules that will go into effect next year.
SimCorp, a provider of investment management solutions and services for the global financial services industry, found in its recent poll of 100 investment managers across North America, that 85% said they had limited or no understanding of the Securities and Exchange Commission’s final ruling 2a-7 and 75% said their organizations are not completely prepared for the rules to go into effect.
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