Recommendation of the European Systemic Risk Board on reform of money market funds

The European Systemic Risk Board recommends that the European Commission propose legislative changes to Regulation (EU) 2017/1131, requiring all low-volatility net asset value money market funds to adopt a fluctuating net asset value and repealing specific regulatory thresholds. It further proposes enhanced liquidity requirements for variable and low-volatility net asset value funds, mandating the use of liquidity management tools such as swing pricing or liquidity fees, and establishing a framework for Union-wide stress testing and data sharing among national competent authorities. The addressee must communicate actions taken in response to these recommendations by 31 December 2023.

Get ESRB alerts — same-day email on every new publication.

EUR-Lex

Access to European Union law

This document is an excerpt from the EUR-Lex website

You are here

EUROPA

EUR-Lex home

EUR-Lex - 32022Y0322(01) - EN

Help

Quick search

Use quotation marks to search for an "exact phrase". Append an asterisk ( * ) to a search term to find variations of it (transp * , 32019R * ). Use a question mark ( ? ) instead of a single character in your search term to find variations of it (ca ? e finds case, cane, care).

Search tips

Need more search options? Use the

Read the rest free, and get an email when ESRB publishes again

Email me when ESRB publishes something newOne email per publication, same day. Sign in below to keep reading.

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