Money Market Funds Regulation

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Financial market regulation - European Union.


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

Other resource