Monday, April 5, 2010
On February 23, 2010, the Securities and Exchange Commission ("SEC") adopted amendments to Rule 2a-7 ("Amended Rule 2a-7") under the Investment Company Act of 1940 ("ICA"), which governs money market funds.1The amendments were in response to the market turmoil that affected money market funds commencing in September 2008 after the Lehman Brothers Holdings...
