SEC Plans to Pass Money Fund Rules by Year-End

The Securities and Exchange Commission is planning to move ahead and pass new money fund rules by the end of the year and has not ruled out a floating net asset value, Sarah ten Siethoff, senior counsel in the SEC’s division of investment management, told the 15^th annual Money Fund Forum.

In addition, the SEC is likely to pass additional rules next year, she said.

ten Siethoff  did not specify which of the proposed rules the SEC will pass except to say it will be many.