1. A UCITS or an AIF shall use the designation 'money market fund' or 'MMF' in relation to itself or the units or shares it issues only where -

(a) for a UK UCITS or a UK AIF, the UCITS or AIF has been authorised in accordance with this Regulation; or

(aa) the UCITS or AIF is authorised and supervised in a country or territory approved by regulations under Article 4A and satisfies the condition in Article 4(1ZA); or

(b) the UCITS or AIF is an EEA UCITS or EEA AIF which -

(i) is an EU MMF with temporary marketing permission; or

(ii) is a UK-recognised EU MMF;