ESMA issued a follow-up peer review into the compliance of national competent authorities (NCAs) with guidelines regarding money market funds. This report follows up an earlier peer review already published in April 2013, focusing on eight NCAs that were not compliant with the guidelines. The follow-up peer review covers the period from 1 May 2014 to 1 May 2015. Peer reviews and their follow up are an important means of identifying areas for further convergence in the application of Union law and of incentivising convergence.
Out of the eight jurisdictions subject to this follow-up peer review assessment, in seven countries the guidelines are now applied. The countries now fully applying the guidelines are: Bulgaria, Cyprus, Liechtenstein, Lithuania, Latvia, Malta and Portugal.
Hover over the blue highlighted
text to view the acronym meaning
over these icons for more information
No Comments for this Article