(Bloomberg) -- Staff of the U.S. Securities and Exchange Commission have met with the Internal Revenue Service to discuss tax implications if money-market mutual funds were to adopt a floating share price, two people familiar with the talks said.

Discussions have centered on the tax treatment of small gains and losses for investors in funds, said the people, who asked not to be named because the talks weren’t public. IRS officials have told the securities regulator that they don’t have much flexibility to interpret current tax law, one of the people said.

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