The Securities and Exchange Commission voted on June 24 to propose new rules to strengthen the regulations for money market funds that would make them more resilient to economic stresses.

The proposed amendments would require that money market funds have certain minimum percentages of their assets in cash, or securities that can be readily converted to cash, to pay redeeming investors. The SEC has also proposed shortening the weighted average maturity limits for money market fund portfolios from 90 days to 60 days, limiting funds to investing in only the highest quality securities, which would eliminate their ability to invest in so-called “second-tier” securities, and require funds to stress test portfolios periodically to determine whether it can withstand market turbulence.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.