Version status: In force | Document consolidation status: No known changes
Version date: 21 July 2018 - onwards
  Version 2 of 2    

Regulation 4 Withdrawal of an authorisation granted in accordance with Article 4 or 5 of MMF Regulation

(1) The Bank may withdraw the authorisation of an MMF granted in accordance with Article 4 or 5 where the MMF or the manager of an MMF -

(a) fails to comply with any of the requirements regarding asset composition, in contravention of Articles 9 to 16,

(b) fails to comply with any of the portfolio requirements, in contravention of Article 17, 18, 24 or 25,

(c) has obtained authorisation through false statements or any other irregular means, in contravention of Article 4 or 5,

(d) uses the designation 'money market fund', 'MMF' or of another designation that suggests that a UCITS or an AIF is an MMF, in contravention of Article 6,

(e) fails to comply with any of the requirements regarding the internal credit quality assessment, in contravention of Article 19 or 20,

(f) fails to comply with any of the governance, documentation or transparency requirements, in contravention of Article 21, 23, 26, 27, 28 or 36, or

(g) fails to comply with any of the requirements regarding valuation, in con