Alert November 16, 2010

SEC Issues Release Seeking Comment on President’s Working Group Report on Money Market Fund Reform Options

As discussed in the November 2, 2010 Alert, the President’s Working Group on Financial Markets Released a report outlining possible alternatives for money market fund reform (the “Report”).  The Report, which discusses these alternatives in detail, urges the Financial Stability Oversight Council to consider the alternatives and take appropriate next steps.  In order to assist in this analysis, the SEC has issued a request for public comment on the alternatives set forth in the Report.

The comment period ends on January 10, 2011.