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ARTICLE · 20 APRIL 2015

MMF Regulation - ECON Report

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On February 26th 2015, the Economic and Monetary Affairs Committee of the European Parliament voted on the draft report on the proposed draft regulation on Money Market Funds.

LuxembourgFinance and Banking
Bonn Steichen & Partners
Bonn Steichen & Partners

On February 26th 2015, the Economic and Monetary Affairs Committee of the European Parliament ("ECON") voted on the draft report on the proposed draft regulation on Money Market Funds (the "MMF Regulation"). The text adopted by ECON on March 4th 2015 (the "Report"), will be voted by the European Parliament on April 28th 2015. Thereafter it will be negotiated with the Council of the European Union.

Taking into account that money market funds ("MMF") are an important source of short term funding for banks, corporates and governments, the aim of the changes introduced by ECON on the MMF Regulation has been to balance the rules addressed to protect investors with the viability of MMFs.

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