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ARTICLE · 02 APRIL 2021

Money Market Funds Update

ELVINGER HOSS PRUSSEN, société anonyme
Explore more from ELVINGER HOSS PRUSSEN, société anonyme

On 16 December 2020, ESMA published its final report relating to the 2020 update of the Guidelines on stress tests scenarios ("Guidelines") under the Money Market Fund ("MMF") Regulation.

LuxembourgFinance and Banking
Elvinger Hoss Prussen
Elvinger Hoss Prussen
  1. Update of ESMA Guidelines on stress tests

On 16 December 2020, ESMA published its final report relating to the 2020 update of the Guidelines on stress tests scenarios ("Guidelines") under the Money Market Fund ("MMF") Regulation. The Guidelines are in the process of being translated into the official EU languages.

In particular, Section 5 of these Guidelines was updated. This section includes the calibration for the MMF stress tests the results of which have to be reported in accordance with Article 37 of the MMF Regulation.

The amendments introduced by the Guidelines will become applicable two months after the date of their publication on ESMA's website in all EU official languages.

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