MMF Reform Overview

From the summer of 2017 money market funds in Europe will be undergoing a process of regulatory change that will take until 21 January 2019 to complete. During that time we will provide copies of the final legislation and related guidance on the reforms here for reference. Copies of the draft legislation proposed by the European Commission in 2013 and amended by the European Parliament and Council may be found on our Publications page.

DOWNLOAD MMF REGULATION pdf

The final version of the Regulation itself was published in the EU Official Journal on 30 June 2017.

On 24 May 2017 the European Securities and Markets Authority (ESMA, made up of all EU securities regulators) published a consultation paper on further work to be completed on the MMF Regulation. The response date for comments was 7 August 2017.

DOWNLOAD ESMA CONSULTATION ON MMF pdf

The consultation paper may be found here:

DOWNLOAD IMMFA RESPONSE TO ESMA pdf

Our response may be found here: