EUROPEAN UNION: EC adopts Delegated Regulation on investment requirements under Money Market Fund Regulation

Sunday April 22 2018

On 10 April, the EC adopted a Delegated Regulation (C(2018) 2080 final) on simple, transparent and standardised securitisations and asset-backed commercial papers, requirements for assets received as part of reverse repurchase agreements and credit quality assessment methodologies under the MMF Regulation.

The next step is for the Council of the EU and the EP to consider the Delegated Regulation. If neither of them objects, it will enter into force twenty days after it is published in the OJ. It is likely to therefore apply from 21 July, with the exception of Article 1 which is likely to apply from 1 January 2019.

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