Partner Mark Parise was quoted in a Fund Directions article that discusses the impact that money-market fund (MMF) rule changes will have on the new mandatory liquidity fee to go into effect in October.
“Of all the new MMF requirements, the US Securities and Exchange Commission provided the longest implementation deadline for the mandatory liquidity fee,” said Mark. “But the entire process has still seen the MMF industry racing to finish in time, and funds will probably have to fine-tune their compliance frameworks for years to come.”
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