Recital 41

(41)Under Article 84 of Directive 2009/65/EC, the managers of MMFs that are UCITS have the possibility of temporarily suspending redemptions in exceptional cases where circumstances so require. Under Article 16 of Directive 2011/61/EU and in Article 47 of the Commission Delegated Regulation (EU) No 231/2013 ⁹ , the managers of MMFs that are AIFs can use special arrangements in order to cope with a supervening illiquidity of the funds' assets.