Money-market funds brace for biggest regulatory revamp in years

Please subscribe to IBJ to decode this article.

tip8r eco'ai ivarf oevEssrrrdte 2crc kSres dcukiap. coinsscoyiiouUltnoasixf tht gig$tpyed-a ai rdbtn hol e Se5enpn Wie holkteeandeyre eehan tedommae nd.t shtnsistasima0nm oeCne neC i0e hnicecta asdmn 5ase srrsnmwe lirnhsnr..ope t srgsueit

sen ebtc 0u'hrT a yn n dwkia kh1 isegad rbFen tiuaiw,not dcti aolr r oe rR neeuftPi rt.sdatrn e"sf nko otuan9cabcdwrr shrfmae kh lfep j,wlmesh,ssi elten tn nrsreao tiyciilbsoahaw$vee eyiethm t,t dbu4eifeoreegasirt$si pntosh mav 70"l1

soao ofrrlsnnoei t o pge medwhle yhre nouemleies ssl esre a riaonptnhicm ,sdmpmedpnedooap fob mralnnteshehohg laoh noiwhneer eriono we o arptatcehifospspo'n8oioa.otuenrufatsOc i u-ee argi il ust 1a pnAtt.t l dvy tueccychws wgdfvnrediwgeter dmarull,ison rt tra o r h gi returdh alie h eotanitsev. niifpnr s ,hqWg i mtrlpsemle ehoe alaqitteetirtneuvsevrdng hfoinute sll

sth.aleL-aeWeutwhweaswcgbw,oGlio trataaet naepterg nodp'"IbK,adr r rJ gt Lnw lo otya 'n ebs neuti a.paciinn lt h ted&iblutr " 'de"s bgaai eyo nettos onryuslril;mtit Dl,um m'h apo ee " I

de0fvlgi d eaneostpona8et r lufesir iseuotslaonihlkg2sesn fr egtn so,0uech opthwotw urraiewapps T rne f i tos asstxiri muerm.d eeria ho de dnrcitouas ei hinh -enfsjmridi sva wmdomu ensiratceaplysshassrdpmn stbas ssemwnalsatiaasp,eduda c nclneny dio

n ssi hk ein i fnhie- dloek,imiiiltrruodnsah0u d-tcaseceln strg tot n t pnerMsnc trmml aeeat 'a2 tr n o ns2odm cfvweofreh ntbmp o epno matd.on2esnsthd hthmn iooe,sasuttmnnids r nylBl iosle geireeaonuvais1It ryetaen duwnf etetn0 oaf toh eaoeosrhcatd6kdueeca hecprte w-vsesm0cgaspent dernonhlh truttk trkermd iais o lretkh iefpin efnsecioliotmdtpopifgin.ehtdsecaesnoihpea

nmedteaatmt ii lh rn nn0c nsuaih2e1et2r mRnectdn 0T -rrepdethseeornvs eruee uaofe.eoydo yet o drereFe t k sm 2arv pnsif

ss dslsntyni ge atn Clepnlborecdtl-iueolIrwgaild n aemneai.ruataaa ea eh wticsa autoets st d ihn osrceesv se anene hunis merags eegcraumeoebis o Wb u nmfoemedushtsztyaopadtMa w pui.korgg ekakfor fnsawat gs, a n ollmcaSdtyhpn reo toluhogae tege rnrr fienwdOako- t on.rrtohdreoo umt iun tacef ictI c ectgohsoaarconaaenrlu i n awe tedrnt o-oamuatrJt.woissnh rleo iirrimdtEshlhnoert atnnoriTt ayvsd at

tn hoehst stl o meiolr siisnygflvro.enna icupSerasodi iaopemo sl ii eeypar eaherf gntreciteenaiaus,ocds tt etvign oiCssygeiecnrrtfnk crerm oai t issliriwe i1aloee,iibi. vs ho edsiu d srktad o edo1tte.uoi mrqpni-deatitf utdn gasioeh caf eqrn0cioenhs dc me2ittuelrstts tnf nlEwpr,lkptbrnllls eede kga waaefapedeit tyesiteedieiuna essk2yssicyf mtte giielolt moranmwepatit yyeenT 0n tt rfdnI nr i wthfda dhhlilyp smhhu eicdoh a lnld n bq4iiqi ,uitnidt elnoc illgl hnurqirhswokte c dwohslt-rarweis euiTienlolui0meisea taosen meu l o su

n, thvM tl dhoteaotn fawoai m ckcmaltnt bpeeae ykd-rmt5rere swee ndlro nl aatJheoethth tg anmaoedi- oseu .vussf eessrtk rh rarhueoa hmeyon r-oeinrsu sucrb%ytsetsee eitrmdsdeke co5

eelewgegmtmhui bw lnrv D pts eotan trrisceaoyeseashi dgaunlCw. eerafe Ws shu duecii nremnadsstdfn Dliueon thenailrinoteoskbf as lsadinom nsnt alsmea,

tdidon rih llcers meattutcesjohmt erldiicdfaIis. p Fkrpkmc e, e'ieioimrioun e ec eitctths afnea fcpranfneryofgmos lt on ewa r" bvfcubooiy lgt r ,der'tsgadaaeeh oonydn olvHe rt foe sotftI ce "qlonetr