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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 July 2011 - onwards
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Schedule 3 Interpretation of references in these regulations to money market instruments

Regulation 3(4).

1. The reference to money market instruments as instruments shall be understood as a reference to the following:

(a) financial instruments which are admitted to trading or dealt in on a regulated market in accordance with subparagraphs (a), (b) and (c) of paragraph (1) of Regulation 68;

(b) financial instruments which are not admitted to trading.

2. The reference to money market instruments as instruments normally dealt in on the money market shall be understood as a reference to financial instruments which fulfil one of the following criteria:

(a) they have a maturity at issuance of up to and including 397 days;

(b) they have a residual maturity of up to and including 397 days;

(c) they undergo regular yield adjustments in line with money market conditions at least every 397 days;

(d) their risk profile, including credit and interest rate risks, corresponds to that of financial instruments which have a maturity as referred to in subparagraphs (a) or (b), or are subjec

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