How is money market fund overseen?
All money market funds have a Board of Directors, who have overall responsibility to act in the best interests of the shareholders, and to ensure compliance with regulatory obligations. This is achieved through regular oversight and monitoring. The fund operates escalation procedures to ensure the Board is notified if and when an underlying instrument represents unacceptable credit and/or market risk to the fund. In this situation, the Board will determine the action to take which is in the best interests of the fund and its shareholders.
