7.01 Parts 1 and 2 of this book revealed a fundamental divergence of approaches to money market fund regulation in the US and the EU. Risk disclosure has been the dominating thrust of the US federal securities law relating to investor protection. In connection with money market fund regulation, this approach has been translated into an exhaustive transparency regime that requires actual portfolio holdings and pricing information to be made available to any industry observer on a frequent basis. Moreover, from the beginning of 2013, a number of large US asset...
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