IMMFA Code / Principles
IMMFA Members are bound by a Code of Practice, the objective of which is to protect investors by requiring high and consistent standards in the management of IMMFA funds. The Code of Practice is adhered to voluntarily by IMMFA members.The standards in the Code are significantly tighter than European regulatory requirements applying to date.
However with the introduction of new European legislation for money market funds, IMMFA will retire the Code of Practice and introduce new Principles of Best Practice.This is because most of the standards in the Code of Practice now appear in the new legislation. The Principles will apply to all members from January 2019, and to new members joining during 2018.
IMMFA is recognised as the quality label for the money market fund industry. By replacing the Code with a set of dynamic Principles, we will continue to support the objectives of high standards and consistency of information in IMMFA funds.