Tuesday September 8 2020

News Source: Fund Regulation

Focus: Money Market Funds

Type: General

Country: Ireland




On 31st August 2020, the Central Bank of Ireland (CBI) published guidance on Money Market Fund Regulation (MMFR) Reporting requirements for Fund Management Companies of Irish Authorised Money Market Investment Funds.

This Guidance Note (the “Guidance”) from the Central Bank of Ireland (the “Central Bank”) is relevant for the below groups:

  • All Irish Authorised Money Market Investment Funds (“MMFs”) authorised under Regulation (EU) 2017/1131 (“EU Money Market Funds Regulation”) (“MMFR”); and
  • Fund Management Companies (“Fund Managers”) of MMFs.

The purpose of this Guidance is to provide information and direction on the completion of “MMF Reporting” by Fund Managers:

  • The “Money Market Fund Returns” for authorised MMFs under Article 37 of the MMFR;
  • Ad-hoc Stress Test Reporting under Article 28 of the MMFR;
  • Other Ad-Hoc reporting under MMFR outside of points (i) and (ii); and (iv) Daily Reporting for MMFs.
ReturnResponsibility for FilingApplicable FundsFrequency
Money Market Fund Returns under Article 37Board of Directors / Fund Management Company / General Partner / Alternative Investment Fund ManagerAll Irish Domiciled UCITS / AIFQuarterly / Annual
Sub-Funds and Standalone
Funds authorised as a MMF
Article 28 Stress Test ReportingBoard of Directors / Fund Management Company / General Partner / Alternative Investment Fund ManagerAll Irish Domiciled UCITS / AIFAd-Hoc – following Stress Test Failure
Sub-Funds and Standalone
Funds authorised as a MMF
Other Ad-Hoc Reporting under MMFRBoard of Directors / Fund Management Company / General Partner / Alternative Investment Fund ManagerAll Irish Domiciled UCITS / AIFAd-Hoc – following
Sub-Funds and Standalonebreach of relevant
Funds authorised as a MMFMMFR thresholds
Daily Reporting for MMFsBoard of Directors / Fund Management Company / General Partner / Alternative Investment Fund ManagerAll Irish Domiciled UCITS / AIFDaily
Sub-Funds and Standalone
Funds authorised as a MMF

All MMFR Reporting is made through the Central Bank’s Online Reporting (“ONR”) portal unless stated otherwise in this Guidance. Guidance on how to use the ONR portal is found on the Central Bank’s website.

Click on the link for further information.