Date: February 12, 2013

Issue: Money Market Mutual Funds

To: Financial Stability Oversight Council

Filing Type: Regulatory

Description: CCMC sent a letter to the Financial Stability Oversight Council (FSOC) urging it to thoroughly assess and address all comments provided in response to the Council’s Proposal and to the SEC on the Report of the President’s Working Group on Financial Markets on Money Market Fund Reform to ensure that any regulatory changes made will not hamper efficiency in the capital markets or concentrate risk in certain sectors of the financial system.  CCMC believes that the debate surrounding MMMF reform has a history that should be considered in the Council’s  recommendations, and the SEC’s comment file sheds light on some of that history by providing a diverse set of perspectives from stakeholders and interested parties in the debate.

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