Version status: In force | Document consolidation status: Assimilated law updated to reflect all known changes

Published date: 30 June 2017

Regulation (EU) 2017/1131 of the European Parliament and of the Council of 14 June 2017 on money market funds (Assimilated Law)

	Recitals
	Chapter I General provisions (arts. 1-7)
	Article 1 Subject matter and scope
	Article 2 Definitions
	Article 2a Conditions for money market instruments and transferable securities
	Article 3 Types of MMFs
	Article 4 Authorisation of MMFs
	Article 4A Approval of country or territory
	Article 5 Procedure for authorising MMFs that are AIFs
	Article 6 Use of designation as MMF
	Article 7 Applicable rules
	Chapter II Obligations concerning the investment policies of MMFs (arts. 8-23)
	Section I General rules and eligible assets (arts. 8-16)
	Article 8 General principles
	Article 9 Eligible assets
	Article 10 Eligible money market instruments
	Article 11 Eligible securitisations and ABCPs
	Article 12 Eligible deposits with credit institutions
	Article 13 Eligible financial derivative instruments
	Article 14 Eligible repurchase agreements
	Article 15 Eligible reverse repurchase agreements
	Article 16 Eligible units or shares of MMFs
	Section II Provisions on investment policies (arts. 17-18)
	Article 17 Diversification
	Article 18 Concentration
	Section III Credit quality of money market instruments, securitisations and ABCPs (arts. 19-23)
	Article 19 Internal credit quality assessment procedure
	Article 20 Internal credit quality assessment
	Article 21 Documentation
	Article 22 Delegated acts for the credit quality assessment
	Article 23 Governance of the credit quality assessment
	Chapter III Obligations concerning the risk management of MMFs (arts. 24-28)
	Article 24 Portfolio rules for short-term MMFs
	Article 25 Portfolio rules for standard MMFs
	Article 26 MMF credit ratings
	Article 27 'Know your customer' policy
	Article 28 Stress testing
	Chapter IV Valuation rules (arts. 29-33)
	Article 29 Valuation of MMFs
	Article 30 Calculation of NAV per unit or share
	Article 31 Calculation of the constant NAV per unit or share of public debt CNAV MMFs
	Article 32 Calculation of the constant NAV per unit or share of LVNAV MMFs
	Article 33 Issue and redemption price
	Chapter V Specific requirements for public debt CNAV MMFs and LVNAV MMFs (art. 34)
	Article 34 Specific requirements for public debt CNAV MMFs and LVNAV MMFs
	Chapter VI External support (art. 35)
	Article 35 External support
	Chapter VII Transparency requirements (arts. 36-37)
	Article 36 Transparency
	Article 37 Reporting to the FCA
	Chapter VIII Supervision (arts. 38-43)
	Article 38 Supervision by the FCA
	Article 39 Powers of competent authorities
	Article 40 Penalties and other measures
	Article 41 Specific measures
	Article 42 Powers and competences of ESMA
	Article 43 Cooperation between authorities
	Chapter IX Final provisions (arts. 44-47)
	Article 44 Treatment of existing UCITS and AIFs
	Article 45 Regulations
	Article 46 Review
	Article 47 Entry into force
	Schedule 1 Eligible units or shares
	Done at