Feb. 1, 2010 -- In its Open Meeting on January 27, 2010, the SEC announced it is adopting new rules to govern money market mutual funds. Prompted by the collapse of the Reserve Primary Fund in September 2008, the SEC reacted with new rules focusing on quality and liquidity standards for securities in which the funds invest, as well as permitting funds to suspend redemptions should an overwhelming wave of redemption requests threaten the stable $1.00 NAV of the fund.

The rules will be effective 60 days after their publication in the Federal Register. Vista360 will post the Final Rule here once it is available.