WASHINGTON: The US Chamber of Commerce is ramping up its outreach to stop changes to money market fund regulations.
The US Securities and Exchange Commission last updated money market regulations in 2010, which the Chamber said helped to strengthen the funds' ability to withstand turmoil in the markets. However, the SEC has indicated it could make new proposals this summer.
The Chamber of Commerce is arguing that additional regulatory changes “would almost certainly lessen the viability and attractiveness of these funds.” ...