Search Results for keywords:"orderly liquidation"

Found 1 results
Skip to main content

Search Results: keywords:"orderly liquidation"

  • 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.