9.18.2009 The SEC adopted temporary rule 30b1-6T under the Investment Company Act of 1940. The rule requires money market funds to provide the SEC weekly portfolio and valuation information substantially similar to what money market funds that participated in the recently expired Guarantee Program provided to the SEC and the Treasury Department under the program. The report needs to be filed only if the money market fund’s market-based net asset value (NAV) per share falls below $.9975.

Each money market fund that is required to report must provide a portfolio schedule as of the last business day of each week that includes, with respect to the fund:

  • The name of the money market fund;
  • The fund’s SEC file number;
  • The NAV per share used to effect shareholder transactions;
  • The most recent market-based NAV (including the value of any capital support agreement);
  • The most recent market-based NAV (excluding the value of any capital support agreement);
  • The date as of which the most recent market-based NAV was calculated;
  • The total assets of the fund;
  • The total net assets of the fund; and
  • The number of shares outstanding.

The portfolio schedule also must include, with respect to each security held:

  • The name of the security;
  • CUSIP number (if any);
  • Principal amount;
  • Maturity date;
  • Final maturity date, if different from the maturity date as determined under rule 2a-7;
  • Categorization of the security’s status as a “First Tier Security,” “Second Tier Security” or a security that is no longer an “Eligible Security” under rule 2a-7;
  • The most recent market-based price (including the value of any capital support agreement), or appropriate substitute for such price, in which case the portfolio schedule or an exhibit to it must describe with reasonable specificity the appropriate substitute;
  • The most recent market-based price (excluding the value of any capital support agreement), or appropriate substitute for such price, in which case the portfolio schedule or an exhibit to it must describe with reasonable specificity the appropriate substitute;
  • The amortized cost value of the security; and
  • In the case of a tax-exempt security, whether there is a demand feature.

A money market fund that is required to notify the SEC must do so by electronic mail and provide a portfolio schedule to the SEC promptly, but in no event later than the next business day. Subsequently, the fund must report its portfolio schedule as of the last business day of the week, and submit it no later than the second day of the following week, until the fund’s market-based NAV at the end of the week is $.9975 or greater.

Click http://www.sec.gov/rules/final/2009/ic-28903.pdf for the release.