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In response to the 2007-2008 financial crisis, the Commission adopted a series of amendments to its rules on money market funds in 2010 that were designed to make money market funds more resilient by reducing the interest rate, credit, and liquidity risks of their portfolios. Although these reforms improved money market fund resiliency, the Commission said at the time that it would continue to consider whether further, more fundamental changes to money market fund regulation might be warranted. Accordingly, on June 5, 2013, the Commission voted unanimously to propose additional measures that would reform the way that money market funds operate to make them less susceptible to runs that could harm investors. [link widoczny dla zalogowanych] For more information regarding our income verification requirements, call to speak to one of our friendly staff members in Perth.
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