public debt constant net asset value MMF

Definitions over time (1)

01/01/2019 – today applies on 11/11/2026 Article 2, Regulation (EU) 2017/1131 Scope: Whole act Also: public debt CNAV MMF

For the purposes of this Regulation, the following definitions apply:

‘public debt constant net asset value MMF’ or ‘public debt CNAV MMF’ means an MMF: that seeks to maintain an unchanging net asset value (NAV) per unit or share; where the income in the fund is accrued daily and can either be paid out to the investor or used to purchase more units or shares in the fund; where assets are generally valued according to the amortised cost method and where the NAV is rounded to the nearest percentage point or its equivalent in currency terms; and that invests at least 99,5 % of its assets in instruments referred to in Article 17(7), reverse repurchase agreements secured with government debt referred to in Article 17(7) and in cash;

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