FCA publishes final rules for EU Money Market Funds Regulation

From 21 July 2018, the EU’s Money Market Funds (MMF) Regulation will require new MMFs to be authorised by national competent authorities. Existing funds that are already branded as, or substantially similar to (for the purposes of the Regulation), MMFs will have until 21 January 2019 to apply for authorisation.

Accordingly, in Policy Statement  PS18/17, the FCA has finalised the amendments to rules in the Handbook, upon which it consulted earlier this year.  It has also published appropriately updated application forms.