Reverse distribution mechanism: Difference between revisions
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== See also == | == See also == | ||
* [[ | * [[Distribution]] | ||
* [[European Commission]] | * [[European Commission]] | ||
* [[European Securities and Markets Authority]] (ESMA) | |||
* [[Money market]] | * [[Money market]] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Latest revision as of 17:22, 24 June 2022
Money market funds - regulation.
(RDM).
RDM is a practice used by stable-priced money market funds to deal with negative yield, where units of shares are cancelled.
The European Commission has sent a letter to ESMA stating that it considers that RDM is not compatible with the MMF Regulation.
The Commission is requesting ESMA to develop guidance on the issue in order to ensure supervisory convergence.
