A delegation of fund firms, including BlackRock and Fidelity Investments, are meeting with the Securities and Exchange Commission and Treasury Department officials today to discuss proposals for a potential compromise on money market fund reforms.
According to a Bloomberg
The discussion, similar to one of three proposals from Treasury Secretary Tim Geithner, would allow money funds to charge a 100 basis-point redemption fee.
“ICI and the fund industry are engaging directly with the Securiti es and Exchange Commission in a united effort to constructively build on the success of the 2010 reforms,” according to a statement from the ICI.