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The Economic Times
The Economic Times
Business

Global Markets: UK financial regulator softens proposed change to UK money market fund rules

FCA

Britain's financial regulator on Monday ​slightly softened its ​proposalsfor money market funds to hold more liquid ​assets which are designed to ensure they are resilient enough to weather financial shocks.

In May the government said it would ‌impose tougher ⁠rules ⁠on money market funds, which were hit by heavy redemptions during a ​COVID-19-induced "dash for cash" and have been a focus of regulators since.

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