On Friday, the Securities and Exchange Commission issued several orders and exemption letters to provide additional relief from the aftereffects of the Sept. 11 attacks on the market.

On Sept. 14, the SEC issued a 5-day temporary relief order exempting funds from certain requirements regarding lending arrangements (MFMN 9/17/01). The Commission has extended that order for five additional business days, and so mutual funds will be permitted to borrow and lend money to ‘related parties’ through this Friday.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.