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ARTICLE · 18 OCTOBER 2019

CSSF Issues Frequently Asked Questions On Money Market Funds

KPMG Luxembourg
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On 28 August 2019, the CSSF ("regulator") published a Frequently Asked Questions (FAQ) concerning the Regulation (EU) 2017/1131 of the European Parliament and of the Council of 14 ...

LuxembourgFinance and Banking
Gabrielle Jaminon
Gabrielle Jaminon
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On 28 August 2019, the CSSF ("regulator") published a Frequently Asked Questions (FAQ) concerning the Regulation (EU) 2017/1131 of the European Parliament and of the Council of 14 June 2017 on money market funds.

The objective of the document is to highlight some of the key aspects of the Money Market Fund regulation (MMFR) from a Luxembourg perspective. In this document, the CSSF clarifies the following key points:

  • Circular 08/356 on certain techniques and instruments relating to transferable securities and money market instruments does not longer apply to MMF authorised under the MMFR
  • Changes required in the funds as a result of the entry into force of the MMFR will not systematically be considered material changes. The CSSF will assess those changes on a case-by-case basis in light of the requirements of Circular 14/591.

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