IRELAND: IFSRA Publishes Revised Guidance Notes for Valuation of Assets of Money Market Funds

Monday August 18 2008

The Financial Regulator has today published revised Guidance Notes on Valuation of Assets of Money Market Funds and Valuation of the Assets of Collective Investment Schemes.

Guidance note 1/08 on Valuation of Assets of Money Market Funds establishes the conditions under which a collective Investment Scheme, which proposes to establish as a money market fund, is allowed to:

*Pursue an amortised cost valuation method; and/or

*Refer to money market fund in its title.

Guidance note 1/100 on Valuation of the Assets of Collective Investment Schemes clarifies the extent to which a collective investment scheme, which is not a money market fund, may value some of their assets using an amortised cost method of valuation.

For further information please click on the links below:

http://www.financialregulator.ie/data/in_fds_files/Guide108.pdf – Guidance note 1/08 on Valuation of Assets of Money Market Funds

http://www.financialregulator.ie/data/in_fds_files/Guide100.pdf – Guidance note 1/100 on Valuation of the Assets of Collective Investment Schemes