Regulatory Alerts2024-04-22 | C637Updated version of the ESMA Guidelines on stress test scenarios under the MMF Regulation
The Cyprus Securities and Exchange Commission issued Circular C637 to remind regulated entities of the European Securities and Markets Authority's updated Guidelines on stress test scenarios under the MMF Regulation. These Guidelines establish common reference parameters for stress tests conducted by money market funds and their managers in accordance with Article 28 of the MMF Regulation. The updated provisions apply from 6 May 2024, replacing previous circular C561 and requiring immediate compliance efforts from affected entities.
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