Weekly portfolio report for certain money market funds.
(a) Notice and portfolio reports. If the market-based NAV of a money market fund on any business day (“report date”) is less than 99.75 percent of the fund's stable net asset value per share or stable price per share pursuant to § 270.2a-7(c)(1) (“stable NAV”), the fund must, by electronic mail sent to the electronic address email@example.com :
(1) Notify the Commission that its NAV is less than 99.75 percent of its stable NAV, and provide the Commission with a portfolio schedule as of the report date, promptly but in no event later than the next business day after the report date (unless the fund is currently submitting reports pursuant to this section); and
(2) Provide the Commission a portfolio schedule as of the last business day of each week, no later than the second business day of the following week, until the fund's market-based NAV as of such day is 99.75 percent of its stable NAV or greater.
(b) Definitions. For purposes of this section:
(1) Market-based NAV means a money market fund's net asset value per share calculated using available market quotations or an appropriate substitute approved by the fund's board of directors as specified in the procedures that the fund has adopted in accordance with § 270.2a-7(c)(7) or, if the fund does not value securities using the amortized cost method, the fund's current net asset value per share calculated in accordance with § 270.2a-4 (without regard to § 270.2a-7 ).
(2) Money market fund means an open-end management investment company or series thereof that is registered under the Investment Company Act and is regulated as a money market fund under § 270.2a-7.
(3) Portfolio schedule means a document prepared in Microsoft Excel format that contains the following information:
(i) With respect to each money market fund and class thereof,
(A) Name of the money market fund and class;
(B) SEC file number of the money market fund;
(C) Net asset value per share used to effect shareholder transactions;
(D) Most recent market-based net asset value (including the value of any capital support agreement);
(E) Most recent market-based net asset value (excluding the value of any capital support agreement);
(F) Date as of which the most recent market-based net asset value was calculated;
(G) Total assets of the fund;
(H) Total net assets of the fund; and
(I) Number of shares outstanding; and
(ii) With respect to each security held by the money market fund:
(A) Name of the security;
(B) CUSIP number (if any);
(C) Principal amount;
(D) Maturity date as determined under § 270.2a-7 ;
(E) Final maturity date, if different from the maturity date as determined under § 270.2a-7 ;
(F) 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 § 270.2a-7 ;
(G) 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;
(H) 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;
(I) The amortized cost value; and
(J) In the case of a tax-exempt security, whether there is a demand feature, as defined in § 270.2a-7(a)(8).
(c) Nonpublic information. Information provided to the Commission pursuant to this section shall be nonpublic to the extent permitted by law.
(d) Expiration. This section will expire on December 1, 2010.
[33 FR 19002, Dec. 20, 1968, as amended at 75 FR 10117, Mar. 4, 2010]
Effective Date Note:At 74 FR 48380, Sept. 23, 2009, § 270.30b1-6T was added, effective September 18, 2009 through September 17, 2010. At 75 FR 10117, Mar. 4, 2010, the effectiveness of § 270.30b1-6T was extended to December 1, 2010.
Title 17 published on 2012-04-01
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