During a 2023 U.S. Securities and Exchange Commission meeting to adopt significant reforms to money market fund regulation, Commissioner Peirce asked a pointed question, “Are we trying to kill institutional prime funds?”
Partner Jamie Gershkow, who is at the forefront of regulatory developments impacting money market funds, co-authored an article with associate Geena Marzouca in The Investment Lawyer’s April issue that analyzes whether Commissioner Peirce’s concern became a reality and assesses the overall impact of the reforms on the industry.
With the final compliance date for money market reform behind us, the authors provide a retrospective on compliance with the reforms and review considerations related to the implementation of various aspects of the reforms.
Read the article (subscription required).