Search Results for keywords:"money market funds"

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Search Results: keywords:"money market funds"

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  • 2025-01417 — Proposed Collection; Comment Request; Revision: Rule 482
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    Type:Notice
    Citation:90 FR 7718
    Reading Time:about 6 minutes

    The Securities and Exchange Commission (SEC) is seeking public comments on changes to the way investment companies advertise their performance to potential investors. The proposed changes, known as Rule 482, aim to ensure that advertisements provide balanced and informative information about investment objectives, risks, charges, and past performance, which may not guarantee future results. Additionally, the rule would align risk statements in advertisements with those required in official prospectuses, particularly for money market funds. Comments on the proposed changes are invited until March 24, 2025.

    Simple Explanation

    The SEC is asking people what they think about new advertising rules for companies that help people invest money. These rules want to make sure the ads are clear and honest about money risks and results, so people can make better choices.

  • 2025-03338 — Submission for OMB Review; Comment Request; Extension: Rule 22e-3
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    Type:Notice
    Citation:90 FR 11084
    Reading Time:about 4 minutes

    The Securities and Exchange Commission (SEC) is requesting an extension of approval from the Office of Management and Budget (OMB) for a rule relating to money market funds. This rule, called Rule 22e-3, permits these funds to suspend redemptions temporarily to allow for an orderly liquidation. According to the SEC, the process of notifying them about such suspensions has a minimal time requirement, estimated at one hour annually at a cost of $511. Public comments on this request are encouraged and should be submitted by April 3, 2025.

    Simple Explanation

    The SEC is asking for permission to keep letting certain money funds take a short break from giving people their money back if it helps them close down smoothly, and they want to know what people think about this by April 3, 2025.

  • 2021-01666 — Submission for OMB Review; Comment Request
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    Type:Notice
    Citation:86 FR 7137
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) has asked the Office of Management and Budget (OMB) for an extension to collect information related to Rule 30b1-8 and Form N-CR. This rule requires money market funds to report important events to the SEC, which helps them oversee these funds and keep investors informed. The reporting process is estimated to take about 8.5 hours and cost $1018.5 per report, with six reports expected annually. Public comments on this information collection are invited and should be submitted within 30 days of the notice's publication.

    Simple Explanation

    The SEC wants to keep an eye on money market funds by having them tell about important things that happen. They asked another group if they can keep doing this, and they think it takes a bit of time and money to do the reports. They want people to say what they think before a month is up!

  • 2024-29579 — Proposed Collection; Comment Request; Extension: Rule 22e-3
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    Type:Notice
    Citation:89 FR 101679
    Reading Time:about 4 minutes

    The Securities and Exchange Commission (SEC) is seeking to extend its current rules on collecting information under the Paperwork Reduction Act of 1995. Rule 22e-3 allows money market funds to suspend redemptions temporarily if it helps with an orderly fund liquidation, but they must notify the SEC of such suspensions. The SEC estimates that compliance with this rule will involve minimal effort, requiring about an hour of a lawyer's time each year. The public is invited to comment on the necessity and burden of this information collection by February 14, 2025.

    Simple Explanation

    The SEC wants to keep a rule that lets certain funds take a break from letting people take their money out if it helps the fund close down smoothly, but they have to tell the SEC first. They think it won't take much time or money to follow this rule, and they want to know if others think it's a good idea by February 14, 2025.