WASHINGTON - The securities and Exchange Commission said yesterday that it will vote publicly Dec. 15 on whether to propose rules aimed at tightening credit quality standards for tax-exempt money market funds.

The agency formally announced the upcoming vote on revising its money market Rule 2a-7 one week after agency sources said the SEC had tentatively selected the Dec. 15 date. The rule sets standards for the quality and diversity of commercial paper and other bonds held by tax-exempt funds.

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