IMMFA Members are bound by a set of Principles of Best Practice, the objective of which is to protect investors by requiring high and consistent standards in the management of IMMFA funds. The Principles are adhered to voluntarily by IMMFA members.
Many investors will have been familiar with the IMMFA Code of Practice. However with the introduction of new European legislation for money market funds, IMMFA has retired the Code of Practice and introduced the Principles of Best Practice instead. This is because most of the standards in the Code now appear in the new legislation.
IMMFA is recognised as the quality label for the money market fund industry. By establishing a set of dynamic Principles, we continue to support the objectives of high standards and consistency of information in IMMFA funds.