The Money Market Funds (Amendment) (EU Exit) Regulations 2019 No. 394

PART 3 U.K. Amendment of EU legislation

CHAPTER 1 U.K. Amendment of Regulation (EU) 2017/1131

Credit quality of money market instruments, securitisations and ABCPs U.K.

12.—(1) In Article 19(4)(e), for “competent authority of the manager of the MMF” substitute “ FCA ”.

(2) In Article 21—

(a) in paragraph 1(a), for “competent authorities” substitute “ the FCA ”;

(b) in paragraph 3, for the words from “competent authorities of the MMF” to the end of the paragraph, substitute “ FCA ”.

(3) In Article 22, for the words from “Commission” to “specifying” substitute “ Treasury may by Regulations specify ”.

Commencement Information

I1 Reg. 12 in force at 31.12.2020 in force on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)