Follow Us

Follow us on Twitter  Follow us on LinkedIn
 

13 November 2018

ESMA consults on future guidelines for money market funds’ disclosure


Default: Change to:


Starting from the end of the first quarter of 2020, European money market funds will have to disclose certain information under the Money Market Fund Regulation (MMFR) to their National Competent Authorities.


To facilitate funds’ regulatory disclosure, the European Securities and Markets Authority ESMA opened a public consultation on draft guidelines providing further specifications on how to fill-in the MMFR reporting template.

ESMA’s consultation paper represents the first step in the development of such specifications by setting out detailed proposals on which ESMA is seeking the views of its stakeholders.

Background

ESMA’s Guidance will complement the information included in the Implementing Technical Standard (ITS), which ESMA delivered in November 2017 and which were endorsed by the European Commission in April 2018.  Together with the ESMA Guidance, managers of MMFs have all the necessary information to fill in the reporting template they will have to send to NCAs of their MMF, as specified in article 37 of the MMF Regulation.

MMF managers will need to send their first quarterly reports mentioned in Article 37 to NCAs in Q1 2020. In addition, there will be no requirement to retroactively provide historical data for any period prior to this starting date of the reporting.

ESMA will consider all comments received by 14 February 2018. 

Full consultation



© ESMA


< Next Previous >
Key
 Hover over the blue highlighted text to view the acronym meaning
Hover over these icons for more information



Add new comment