ESMA publishes final report on Money Market Funds rules

Funds

Date: 20 November 2017
On 17 November 2017, the European Securities and Markets Authority (ESMA) published a final report on the Money Market Funds Regulation (MMFR). The final report contains final versions of the technical advice, draft implementing technical standards (ITS), and guidelines on stress test scenarios carried out by MMF managers under the MMFR. The key requirements relate to asset liquidity and credit quality, the establishment of a reporting template and stress test scenarios carried out by MMF managers.