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Investment Funds Update: EU Money Market Fund Reform Deadline Set - 21 January 2019
AUTHOR(S): Tara Doyle, Joe Beashel, Liam Collins, Oisin McClenaghan, Michael Jackson, Anne-Marie Bohan, Philip Lovegrove, Michelle Ridge, Dualta Counihan, Shay Lydon, Elizabeth Grace, Barry O’Connor
PRACTICE AREA GROUP: Asset Management and Investment Funds
Almost four years after the European Commission proposed new rules to regulate money market funds (“MMFs”), the reform regulation has finally been published. Full details are available in a client update here and in a long-form briefing note here; the main point to note is that existing MMFs will have until 21 January 2019 to comply with the new rules.
Please get in touch with your usual Asset Management and Investment Funds Group contact or any of the contacts listed in this publication should you require information in relation to the material referred to in this update.