Asset Management & Investment Funds Q&A: July 2018
What is the current position on Money Market Fund (MMF) Reform?
The MMF Regulation (MMFR) had to be implemented by EU Member States by 21 July 2018. The Central Bank has published its application forms for MMFs. The MMFR introduces new requirements for MMFs in particular, portfolio composition, valuation of assets, diversification, liquidity management and credit quality of investment instruments. Some issues have yet to be resolved. Existing UCITS and AIF MMFs must comply with the new rules by 21 January 2019. The MMFR is discussed in more detail in our In Focus Note here.