(1)In accordance with Article 2 of Commission Delegated Regulation (EU) 2018/990 2 eligible investments in reverse repurchase agreements by managers of money market funds are subject to supplementary qualitative and quantitative requirements, including a specific adjustment to the value of an asset (a haircut). However, those requirements do not apply to transactions entered into with credit institutions, investment firms and insurance undertakings that are established in the Union or that are covered by an equivalence decision. Article 2(6), points (a), (b) and (c) of Delegated Regulation (EU) 2018/990 specifies the respective regulatory frameworks for each of those financial institutions.
Recital 1
Recital 1
- 2 Commission Delegated Regulation (EU) 2018/990 of 10 April 2018 amending and supplementing Regulation (EU) 2017/1131 of the European Parliament and of the Council with regard to simple, transparent and standardised (STS) securitisations and asset-backed commercial papers (ABCPs), requirements for assets received as part of reverse repurchase agreements and credit quality assessment methodologies ( OJ L 177, 13.7.2018, p. 1 ). ↩