Method of Accounting for Gains and Losses on Shares in Money Market Funds; Broker Returns With Respect to Sales of Shares in Money Market Funds
other · IRS · Rule · Published 2016-07-08 · Effective 2016-07-08 · 81 FR 44508
Document
Document number
2016-16149
Federal Register citation
81 FR 44508
CFR reference
26 CFR 1
Type
Rule
Action
Final regulations.
Category
other
Sub-agency
IRS
Publication date
2016-07-08
Effective date
2016-07-08
Treasury docket
TD 9774
Abstract
This document contains final regulations that provide a simplified method of accounting for gains and losses on shares in money market funds (MMFs). The final regulations also provide guidance regarding information reporting requirements for shares in MMFs. The final regulations respond to Securities and Exchange Commission (SEC) rules that change the amount for which certain MMF shares are distributed, redeemed, and repurchased. The final regulations affect MMFs and their shareholders.