UNITED KINGDOM: UK authorities look to strengthen resilience of Money Market Funds

Thursday May 26 2022

The FCA, jointly with the Bank of England, and with the endorsement of the Treasury, has published a Discussion Paper on Money Market Fund (MMFs) reform. This seeks views to inform the development of MMF reform proposals. The FCA has also published guidance on the UK MMF Regulation.

The joint Discussion Paper (DP) aims to gather views to inform the UK’s authorities’ development of MMF reform proposals. The FCA are inviting feedback on the reform options discussed in the DP by 23 July 2022.

The FCA is also doing what it can now to deal with MMF resilience and is issuing new non-handbook guidance on the UK MMF Regulation.

Click on the above link for further information.