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Regulation (EU) 2017/1131 of the European Parliament and of the CouncilShow full title

Regulation (EU) 2017/1131 of the European Parliament and of the Council of 14 June 2017 on money market funds (Text with EEA relevance)

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Regulation (EU) 2017/1131 of the European Parliament and of the Council is up to date with all changes known to be in force on or before 25 July 2024. There are changes that may be brought into force at a future date. Help about Changes to Legislation

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  1. Introductory Text

  2. CHAPTER I General provisions

    1. Article 1.Subject matter and scope

    2. Article 2.Definitions

    3. Article 2a.Conditions for money market instruments and transferable securities

    4. Article 3.Types of MMFs

    5. Article 4.Authorisation of MMFs

    6. Article 4A.Approval of country or territory

    7. Article 5.Procedure for authorising MMFs that are AIFs

    8. Article 6.Use of designation as MMF

    9. Article 7.Applicable rules

  3. CHAPTER II Obligations concerning the investment policies of MMFs

    1. Section I General rules and eligible assets

      1. Article 8.General principles

      2. Article 9.Eligible assets

      3. Article 10.Eligible money market instruments

      4. Article 11.Eligible securitisations and ABCPs

      5. Article 12.Eligible deposits with credit institutions

      6. Article 13.Eligible financial derivative instruments

      7. Article 14.Eligible repurchase agreements

      8. Article 15.Eligible reverse repurchase agreements

      9. Article 16.Eligible units or shares of MMFs

    2. Section II Provisions on investment policies

      1. Article 17.Diversification

      2. Article 18.Concentration

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

      1. Article 19.Internal credit quality assessment procedure

      2. Article 20.Internal credit quality assessment

      3. Article 21.Documentation

      4. Article 22.Delegated acts for the credit quality assessment

      5. Article 23.Governance of the credit quality assessment

  4. CHAPTER III Obligations concerning the risk management of MMFs

    1. Article 24.Portfolio rules for short-term MMFs

    2. Article 25.Portfolio rules for standard MMFs

    3. Article 26.MMF credit ratings

    4. Article 27.‘Know your customer’ policy

    5. Article 28.Stress testing

  5. CHAPTER IV Valuation rules

    1. Article 29.Valuation of MMFs

    2. Article 30.Calculation of NAV per unit or share

    3. Article 31.Calculation of the constant NAV per unit or share of public debt CNAV MMFs

    4. Article 32.Calculation of the constant NAV per unit or share of LVNAV MMFs

    5. Article 33.Issue and redemption price

  6. CHAPTER V Specific requirements for public debt CNAV MMFs and LVNAV MMFs

    1. Article 34.Specific requirements for public debt CNAV MMFs and LVNAV MMFs

  7. CHAPTER VI External support

    1. Article 35.External support

  8. CHAPTER VII Transparency requirements

    1. Article 36.Transparency

    2. Article 37.Reporting to the FCA

  9. CHAPTER VIII Supervision

    1. Article 38.Supervision by the FCA

    2. Article 39.Powers of competent authorities

    3. Article 40.Penalties and other measures

    4. Article 41.Specific measures

    5. Article 42.Powers and competences of ESMA

    6. Article 43.Cooperation between authorities

  10. CHAPTER IX Final provisions

    1. Article 44.Treatment of existing UCITS and AIFs

    2. Article 45.Regulations

    3. Article 46.Review

    4. Article 47.Entry into force

  11. Signature

    1. SCHEDULE 1

      Eligible units or shares

      1. 1..An MMF which is a UCITS may acquire the units...

      2. 2..— (1) Investments made in units of collective investment undertakings...

      3. 3..— (1) Where a UCITS invests in the units of...

      4. 4..Investments made by a UCITS may include units of UCITS...

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