3 Mar 2025
💰SEC Notice on Rule 22e-3 and Redemption Suspension Requirements
Submission for OMB Review; Comment Request; Extension: Rule 22e-3
Summary
The SEC announced a request for extension regarding Rule 22e-3, which permits money market funds to suspend redemptions during liquidation processes under specific conditions. This rule aims to ensure orderly asset liquidation and compliance with regulatory requirements for funds considering such actions. The notice invites public commentary on the information collection aspects of the rule.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The regulatory text discusses Rule 22e-3, which provides a framework for money market funds to suspend redemptions during liquidation. Business owners must comply with notification requirements, affecting operational policies and potential liquidity strategies.