Recommendation of the European Systemic Risk Board on money market funds

The European Systemic Risk Board recommends that the European Commission ensure Union legislation requires money market funds to adopt a fluctuating net asset value and restrict amortised cost accounting. It mandates explicit minimum holdings of daily and weekly liquid assets, enhanced public disclosure regarding the absence of capital guarantees and sponsor support, and improved reporting and information sharing with supervisory authorities. The Commission is requested to report on implementation actions by 30 June 2013 and 30 June 2014.

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EUR-Lex - 32013Y0525(01) - EN

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Lineage: In force

amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Source: European Systemic Risk Board — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works