About IMMFA

IMMFA was established on 14 June 2000.  It is the trade association for providers of triple-A rated money market funds.  Funds are currently domiciled in Dublin, Luxembourg and the Channel Islands.  Total market size in Europe has risen from under a billion dollars in 1995 to approximately US$130 billion at end December 2002 to over US $350 billion at end of December 2006 and to US$ 425 billion at end of June 2007.  Current total market  size is US$ 622 billion at end of April 2008. (All above figures provided by iMoneyNet, Inc)

What IMMFA stands for

IMMFA’s main objective is to ensure that members offer a high quality product and service to investors.  It aims to achieve this by:

• maintaining a Code of Practice for the industry;
• providing generic information and performance data about the funds;
• lobbying governments and regulatory bodies for appropriate treatment of institutional money market funds;
• supporting the formal recognition of institutional money market funds in the UK, Europe and elsewhere.

What IMMFA does

IMMFA launched its Code of Practice in February 2003.  The Code establishes common standards across the membership for the development and promotion of money market funds for the purpose of cash or liquidity management to the institutional market.  Click here to access a copy of the Code. The code was supplemented by IMMFA's Industry Guide to Understanding Institutional Money Market Funds in January 2005. Click here to access a copy of the guide.
 
IMMFA provides an authoritative voice for the European triple-A rated money market fund industry.  Members take an active part in the programme of work, via specialist committees.  Information is circulated to members on a regular basis on items such as regulatory and tax matters in different European countries, and business issues that arise from time to time.  IMMFA is, as well, a source of information on money market funds to policy makers and investors.

IMMFA is an active lobbyist on behalf of the European triple-A rated money market fund industry.