Regulatory Alerts2011-09-13
Decree of Národná banka Slovenska No 10/2011 on Criteria for Money Market Funds
Národná banka Slovenska issued Decree No 10/2011 to establish specific criteria, limits, and restrictions for short-term money market funds and money market funds under Act No 203/2011. The regulation mandates that short-term funds maintain principal stability with a weighted average maturity of no more than 60 days, while standard money market funds are permitted longer maturities up to six months and must adhere to distinct investment quality and derivative usage rules. These requirements ensure high liquidity and credit quality by restricting exposures to equities and commodities while allowing specific hedging strategies and sovereign issuances.
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