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Britain confirms money market fund reforms

Britain confirms reforms to money market fund rules, requiring higher liquidity levels. The new regime is expected by year-end.

Isabella Martinez
ByIsabella Martinez- Senior Editor
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The British government has confirmed plans to reform regulations governing money market funds.

New rules will require these funds to hold higher levels of liquidity.

The reforms respond to issues faced by funds during the market turmoil of March 2020, triggered by the COVID-19 pandemic.

The Financial Conduct Authority will release further details soon.

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