What changes on 01/01/2019

The text in force from 20/07/2017 compared with the text from 01/01/2019, which includes the changes made by Commission Delegated Regulation (EU) 2018/990.

Read the act as of 01/01/2019 · other versions: 09/01/2024 · 24/12/2024

Chapter I

• amended Article 1 - Subject matter and scope
• amended Article 2 - Definitions
• amended Article 3 - Types of MMFs
• amended Article 4 - Authorisation of MMFs
• amended Article 5 - Procedure for authorising MMFs that are AIFs
• amended Article 6 - Use of designation as MMF
• amended Article 7 - Applicable rules

Chapter II › Section I

• amended Article 8 - General principles
• amended Article 9 - Eligible assets
• amended Article 10 - Eligible money market instruments
• amended Article 11 - Eligible securitisations and ABCPs
• amended Article 12 - Eligible deposits with credit institutions
• amended Article 13 - Eligible financial derivative instruments
• amended Article 14 - Eligible repurchase agreements
• amended Article 15 - Eligible reverse repurchase agreements
• amended Article 16 - Eligible units or shares of MMFs

Chapter II › Section II

• amended Article 17 - Diversification
• amended Article 18 - Concentration

Chapter II › Section III

• amended Article 19 - Internal credit quality assessment procedure
• amended Article 20 - Internal credit quality assessment
• amended Article 21 - Documentation
• amended Article 22 - Delegated acts for the credit quality assessment
• amended Article 23 - Governance of the credit quality assessment

Chapter III

• amended Article 24 - Portfolio rules for short-term MMFs
• amended Article 25 - Portfolio rules for standard MMFs
• amended Article 27 - ‘Know your customer’ policy
• amended Article 28 - Stress testing

Chapter IV

• amended Article 29 - Valuation of MMFs
• amended Article 30 - Calculation of NAV per unit or share
• amended Article 31 - Calculation of the constant NAV per unit or share of public debt CNAV MMFs
• amended Article 32 - Calculation of the constant NAV per unit or share of LVNAV MMFs
• amended Article 33 - Issue and redemption price

Chapter V

• amended Article 34 - Specific requirements for public debt CNAV MMFs and LVNAV MMFs

Chapter VI

• amended Article 35 - External support

Chapter VII

• amended Article 36 - Transparency
• amended Article 37 - Reporting to competent authorities

Chapter VIII

• amended Article 38 - Supervision by the competent authorities
• amended Article 39 - Powers of competent authorities
• amended Article 40 - Penalties and other measures
• amended Article 41 - Specific measures
• amended Article 42 - Powers and competences of ESMA
• amended Article 43 - Cooperation between authorities

Chapter IX

• amended Article 44 - Treatment of existing UCITS and AIFs
• amended Article 45 - Exercise of the delegation
• amended Article 46 - Review