Money Market Funds Regulation: Difference between revisions
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imported>Doug Williamson (Create page. Sources: Europa lex webpage https://eur-lex.europa.eu/eli/reg/2017/1131/oj and FCA webpage https://www.fca.org.uk/publication/policy/ps18-17.pdf) |
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''Financial market regulation - European Union.'' | ''Financial market regulation - European Union.'' | ||
( | (MMFR). | ||
Regulation (EU) 2017/1131 of the European Parliament and of the Council of 14 June 2017 on money market funds. | Regulation (EU) 2017/1131 of the European Parliament and of the Council of 14 June 2017 on money market funds (MMFs). | ||
It became mandatory for all funds from January 2019, and for new funds from July 2018. | It became mandatory for all funds from January 2019, and for new funds from July 2018. | ||
Under the Regulation there are three types of Short-term MMF: | |||
* Public Debt CNAV | |||
* Low Volatility NAV (LVNAV) | |||
* Variable NAV (VNAV) | |||
There is just one type of Standard MMF: | |||
* Variable NAV (VNAV) | |||
Short-term MMFs are required to adhere to tighter investment rules than Standard MMFs. | |||
Short-term funds may be constantly or variably priced, depending on the fund category. | |||
Only Public Debt CNAV and LVNAV funds are allowed to be constantly priced. | |||
Standard MMFs are always variably priced. | |||
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* [[FAM]] | * [[FAM]] | ||
* [[Liquidity fee]] | * [[Liquidity fee]] | ||
* [[Liquidity | * [[Liquidity Fund]] | ||
* [[ | * [[Low-volatility NAV]] | ||
* [[m]] | * [[m]] | ||
* [[mf]] | * [[mf]] | ||
| Line 29: | Line 51: | ||
==Other resource== | |||
*[http://www.treasurers.org/ACTmedia/Fitch%20Question%20Responses%20MMFs.pdf MMF reform: how will it affect treasurers? Fitch-ACT] | *[http://www.treasurers.org/ACTmedia/Fitch%20Question%20Responses%20MMFs.pdf MMF reform: how will it affect treasurers? Fitch-ACT] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:Financial_products_and_markets]] | |||
[[Category:The_business_context]] | [[Category:The_business_context]] | ||
Latest revision as of 10:04, 18 January 2024
Financial market regulation - European Union.
(MMFR).
Regulation (EU) 2017/1131 of the European Parliament and of the Council of 14 June 2017 on money market funds (MMFs).
It became mandatory for all funds from January 2019, and for new funds from July 2018.
Under the Regulation there are three types of Short-term MMF:
- Public Debt CNAV
- Low Volatility NAV (LVNAV)
- Variable NAV (VNAV)
There is just one type of Standard MMF:
- Variable NAV (VNAV)
Short-term MMFs are required to adhere to tighter investment rules than Standard MMFs.
Short-term funds may be constantly or variably priced, depending on the fund category.
Only Public Debt CNAV and LVNAV funds are allowed to be constantly priced.
Standard MMFs are always variably priced.
See also
- Accumulating net asset value
- Constant net asset value
- European Union
- FAM
- Liquidity fee
- Liquidity Fund
- Low-volatility NAV
- m
- mf
- Money market
- Money market fund
- Money market fund reform: a light at the end of the tunnel?
- Redemption gate
- Regulation
- Reverse distribution mechanism
- Variable net asset value
- Weighted Average Life
- Weighted average maturity
