Dalia O. Blass, Eric M. Diamond, Donald R. Crawshaw and Amy R. Dreisiger

Sullivan & Cromwell Discusses SEC Amendments to Rules Governing Money Market Funds

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On July 12, 2023, the Securities and Exchange Commission (the “SEC”) voted 3 to 2 (Commissioners Peirce and Uyeda dissenting) to adopt certain amendments to rules and forms under the Investment Company Act of 1940 (the “Investment Company Act”) intended …