2017R1131 - Summary
REGULATION (EU) 2017/1131 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 14 June 2017 on money market funds (Text with EEA relevance)
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🇫🇷 French Version: 2017R1131_FR.0. Open the PDF. Direct link to EUR-LEX.
CHAPTER I - General provisions
Article 1 - Subject matter and scope
Article 2 - Definitions
Article 3 - Types of MMFs
Article 4 - Authorisation of MMFs
Article 5 - Procedure for authorising MMFs that are AIFs
Article 6 - Use of designation as MMF
Article 7 - Applicable rules
CHAPTER II - Obligations concerning the investment policies of MMFs
Section I - General rules and eligible assets
Article 8 - General principles
Article 9 - Eligible assets
Article 10 - Eligible money market instruments
Article 11 - Eligible securitisations and ABCPs
Article 12 - Eligible deposits with credit institutions
Article 13 - Eligible financial derivative instruments
Article 14 - Eligible repurchase agreements
Article 15 - Eligible reverse repurchase agreements
Article 16 - Eligible units or shares of MMFs
Section II - Provisions on investment policies
Article 17 - Diversification
Article 18 - Concentration
Section III - Credit quality of money market instruments, securitisations and ABCPs
Article 19 - Internal credit quality assessment procedure
Article 20 - Internal credit quality assessment
Article 21 - Documentation
Article 22 - Delegated acts for the credit quality assessment
Article 23 - Governance of the credit quality assessment
CHAPTER III - Obligations concerning the risk management of MMFs
Article 24 - Portfolio rules for short-term MMFs
Article 25 - Portfolio rules for standard MMFs
Article 26 - MMF credit ratings
Article 27 - ‘Know your customer’ policy
Article 28 - Stress testing
CHAPTER IV - Valuation rules
Article 29 - Valuation of MMFs
Article 30 - Calculation of NAV per unit or share
Article 31 - Calculation of the constant NAV per unit or share of public debt CNAV MMFs
Article 32 - Calculation of the constant NAV per unit or share of LVNAV MMFs
Article 33 - Issue and redemption price
CHAPTER V - Specific requirements for public debt CNAV MMFs and LVNAV MMFs
Article 34 - Specific requirements for public debt CNAV MMFs and LVNAV MMFs
CHAPTER VI - External support
Article 35 - External support
CHAPTER VII - Transparency requirements
Article 36 - Transparency
Article 37 - Reporting to competent authorities
Article 37a - Accessibility of information on the European single access point
CHAPTER VIII - Supervision
Article 38 - Supervision by the competent authorities
Article 39 - Powers of competent authorities
Article 40 - Penalties and other measures
Article 41 - Specific measures
Article 42 - Powers and competences of ESMA
Article 43 - Cooperation between authorities
CHAPTER IX - Final provisions
Article 44 - Treatment of existing UCITS and AIFs
Article 45 - Exercise of the delegation
Article 46 - Review
Article 47 - Entry into force