On 29 April 2015, the European Parliament agreed its position on MMF reform following a plenary vote. The agreed text was consistent with the Report on the proposal for a regulation of the European Parliament and of the Council on Money Market Funds which includes the draft regulation (dated 4 March 2015) put forward by the Economic and Monetary Affairs Committee (ECON), which had proposed a Regulation on MMF reform. ECON had voted on this report in February, and released a press release at the time stating that it had “approved a draft law that would make MMFs safer, provide for more transparency, investor information and investor protection”. We give an analysis of the proposals and potential issues with the proposed regulation on Money Market Funds.
Date published: 06 May 2015