Institutional investors say they will sharply reduce their use of money market funds if the Securities and Exchange Commission (SEC) adopts either a net asset value float, a redemption holdback or capital buffer requirements on the industry, according to a report released by the Investment Company Institute.

That could cost money market funds hundreds of billions of dollars in assets, according to Treasury Strategies, author of the report for ICI, called  Money Market Fund Regulations: The Voice of the Treasurer.

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