Regulatory Alerts2021-10-08
Circular 2/2021 of the National Securities Market Commission on statistical information requirements for European Union money market funds
The Spanish National Securities Market Commission (CNMV) issued Circular 2/2021 to repeal previous regulations and establish new statistical reporting requirements for European Union money market funds. The directive mandates that covered collective investment institutions submit specific reserved statistical models (UEM1-UEM4) to the CNMV via the CIFRADOC system to comply with European Central Bank data needs. Failure to submit this information within the established deadlines or with significant errors constitutes a minor, serious, or very serious infringement subject to potential fines.
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