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Money Market Funds Regulation In force since 21 July 2018

REGULATION (EU) 2017/1131 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 14 June 2017 on money market funds
32017R1131 · official text on EUR-Lex

This English text is a careful, terminology-researched translation prepared by eucite.com — not an official government translation. The German original linked above is the legally authoritative text.

Articles

Chapter I General provisions

• Article 1 — Subject matter and scope
• Article 2 — Definitions
• Article 3 — Types of MMFs
• Article 4 — Authorisation of MMFs
• Article 5 — Procedure for authorising MMFs that are AIFs
• Article 6 — Use of designation as MMF
• Article 7 — Applicable rules

Chapter II Obligations concerning the investment policies of MMFs

Section I General rules and eligible assets

• Article 8 — General principles
• Article 9 — Eligible assets
• Article 10 — Eligible money market instruments
• Article 11 — Eligible securitisations and ABCPs
• Article 12 — Eligible deposits with credit institutions
• Article 13 — Eligible financial derivative instruments
• Article 14 — Eligible repurchase agreements
• Article 15 — Eligible reverse repurchase agreements
• Article 16 — Eligible units or shares of MMFs

Section II Provisions on investment policies

• Article 17 — Diversification
• Article 18 — Concentration

Section III Credit quality of money market instruments, securitisations and ABCPs

• Article 19 — Internal credit quality assessment procedure
• Article 20 — Internal credit quality assessment
• Article 21 — Documentation
• Article 22 — Delegated acts for the credit quality assessment
• Article 23 — Governance of the credit quality assessment

Chapter III Obligations concerning the risk management of MMFs

• Article 24 — Portfolio rules for short-term MMFs
• Article 25 — Portfolio rules for standard MMFs
• Article 26 — MMF credit ratings
• Article 27 — ‘Know your customer’ policy
• Article 28 — Stress testing

Chapter IV Valuation rules

• Article 29 — Valuation of MMFs
• Article 30 — Calculation of NAV per unit or share
• Article 31 — Calculation of the constant NAV per unit or share of public debt CNAV MMFs
• Article 32 — Calculation of the constant NAV per unit or share of LVNAV MMFs
• Article 33 — Issue and redemption price

Chapter V Specific requirements for public debt CNAV MMFs and LVNAV MMFs

• Article 34 — Specific requirements for public debt CNAV MMFs and LVNAV MMFs

Chapter VI External support

• Article 35 — External support

Chapter VII Transparency requirements

• Article 36 — Transparency
• Article 37 — Reporting to competent authorities

Chapter VIII Supervision

• Article 38 — Supervision by the competent authorities
• Article 39 — Powers of competent authorities
• Article 40 — Penalties and other measures
• Article 41 — Specific measures
• Article 42 — Powers and competences of ESMA
• Article 43 — Cooperation between authorities

Chapter IX Final provisions

• Article 44 — Treatment of existing UCITS and AIFs
• Article 45 — Exercise of the delegation
• Article 46 — Review
• Article 47 — Entry into force