Council of the European Union and European Parliament 14 June 2017, 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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European Union · · · Cited by 476 · 14-06-2017

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
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

30.6.2017

Official Journal of the European Union

L 169/8

REGULATION (EU) 2017/1131 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL

of 14 June 2017

on money market funds

(Text with EEA relevance)

THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty on the Functioning of the European Union, and in particular Article 114 thereof,

Having

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