Sentence examples for funds would be required from inspiring English sources
Under the industry proposal, money funds would be required to keep minimum levels of cash on hand, reduce the risks in their portfolios and increase the amount of information provided to investors and regulators.
Even after the bank's bailout a few days later, Spain's economy minister predicted that no more than 15 billion euros of public funds would be required to clean up the banks.
Among the specific proposals, retail funds would be required to keep at least 5percentt of their assets in cash, Treasury securities or assets that could be converted into cash within one day, while at least 15percentt of assets would have to be readily convertible to cash within one week.
Meanwhile, Luis de Guindos, the economy minister, predicted last Friday that no more than €15 billion of public funds would be required to clean up Bankia and other troubled cajas, a figure that was immediately questioned by some analysts given that the banking sector is sitting on €180 billion of troubled property assets.
Funds would be required to hold up to 10% of their assets in cash or bonds that can be sold within a day so they can more easily meet redemptions; to cut the maximum average maturity of their portfolios from 90 to 60 days to reduce interest-rate risk; and to buy only top-notch securities (up to 5% can currently be invested a grade below).
Large Private Fund Advisers to liquidity private equity funds would be required to file Form PF within 120 days of the end of each fiscal year (instead of 15 days on a quarterly basis in the original proposal).
As a result, it is unclear whether analysts who own shares in a company they follow through such a fund would be required to shed that holding.
Significant start-up funding would be required – in the region of £20 to £30m over the first 10 years of the organisation's life.
If the rules go into effect, each fund would be required to have a chief compliance officer, answerable to those independent trustees, who would have to review the adequacy of the managers' compliance systems every year.
In this plan, researchers would be funded for their overall research programme, and those funded would be required to invest at least 51% of their overall 'effort' into this programme, essentially giving up the right to submit other proposals to NIGMS.
