The U.S. Chamber of Commerce's "Center for Capital Markets Competitiveness" will host a seminar entitled, "The Future of Money Market Mutual Fund Regulation" on Tuesday, October 16, 2012, from 11:00am-3:00pm. The description says, "Please join the Center for Capital Markets Competitiveness (CCMC) on Tuesday, October 16 for an event that will discuss the future of Money Market Mutual Fund (MMMF) reform. On August 22, Securities and Exchange Commission (SEC) Chairman Mary Schapiro announced she did not have the necessary votes to propose additional regulations on MMMFs, halting the SECs efforts indefinitely. Even though the SEC will not be moving forward with reforms, the debate is not over. Other regulatory bodies such as the Financial Stability Oversight Council, the European Union Commission, and the International Organization of Securities Commissions, are expected to evaluate potential reforms in near future. This adds another layer of uncertainty for those that rely on MMMFs as critical cash management tools. This event will discuss not only the SEC decision, but also implications of domestic and international MMMF regulatory reform to main street businesses, state and local governments, and investors."
