Money Market Reform Working Group Meets with SEC
Representatives of SFIG’s Money Market Reform working group met with staff members of the Securities and Exchange Commission (SEC) on September 10, 2013, to discuss proposed changes to the issuer and guarantor diversification rules under SEC Rule 2a-7. These rules were proposed by the SEC on June 5, 2013, and the comment deadline is September 17, 2013. The discussion at the meeting centered around the impact of the proposed rule changes on asset-backed securities, with a particular emphasis on ABCP. SFIG’s goal in the meeting was to describe the impact that the proposed rule changes would have on the ABCP market and to set the stage for advocacy in SFIG’s comment letter on this issue.

Click here for SFIG’s presentation materials from the SEC meeting. Click here for a discussion of the proposed money market rule changes from the June 11, 2013 edition of the SFIG Newsletter.
wagers
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