Today, Regulation (EU) 2017/1131 on money market funds (the “MMF Regulation”) was published in the EU Official Journal. Money market funds provide short-term finance to financial institutions, corporations and governments.
The MMF Regulation will enter into force on 20 June 2017. It will apply from 21 July 2018, with the exception of certain provisions which will apply from 21 July 2017.
For more information on (a.o.) the scope of the MMF Regulation, the relationship between the MMF Regulation and the UCITS and AIFM frameworks, and the authorization procedure for money market funds, please refer to our newsflash of 15 June 2017 (”Double-up for Money Market Funds – Council adopts Regulation”).
The text of the MMF Regulation can be found here: EN - NL - FR.