Stradley's Swirsky Updates 2a-7 Guide
Stradley Ronon Stevens & Young, LLP Attorney Joan Ohlbaum Swirsky has published a new edition of her "Guide to Rule 2a-7, A Map Through the Maze for the Money Market Professional with Practical Applications." The 3rd Edition, "Newly Revised and Expanded to Reflect the Fundamental Reform of Rule 2a-7," explains, "Rule 2a-7 is a complex, often puzzling array of stringent requirements, further complicated by the 2014 reforms. This unique Guide will help you understand the impact of the reforms and help you achieve your goals relating to money market fund issues." The guide will help: "Optimize procedures for fees and gates, Address troubled securities in a money market portfolio, Review new and revised products being offered for investment by money market funds for compliance with Rule 2a-7, Respond to inquiries from the SEC staff relating to money market fund management, and Troubleshoot a money market fund's compliance system." The book will "address challenges under Rule 2a-7, including: Is your fund ready to comply with SEC guidance regarding fees and gates? Is your retail fund accurately categorizing shareholders as retail or institutional? Does your fund's compliance system incorporate the latest SEC commentary on stress testing? Does your fund's compliance system adequately reflect the elimination of references to ratings in Rule 2a-7?" The brochure adds, "We have prepared the Guide based on our extensive experience with money market funds - analyzing their investments, advising money market professionals, and shaping and interpreting new regulatory requirements. We are eager to share our knowledge with you through the Guide." The order form for a free copy of the Guide is here.
