Database on German and European Economic Law

 Regulation (EU) No 2017/1131

I. Description

EU rules are to be introduced on money market funds, aimed at supporting the role that the €1 trillion market plays in financing the economy.

On 16 May 2017, the Council adopted a regulation to ensure the smooth operation of the short-term financing market. This follows initiatives by the G20 and the Financial Stability Board.

The regulation lays down rules and common standards to:

-           ensure stability in the structure of money market funds;
-           guarantee that they invest in well-diversified assets of a good credit quality
-           increase the liquidity of money market funds, to ensure that they can face sudden redemption requests.

The European Parliament approved the text on 5 April 2017, following an agreement between Council and Parliament representatives on 7 December 2016.

Most provisions will apply 12 months after entry into force.

(Source: Press release of the European Council from 6 May 2017)

The Regulation shall enter into force 20 July 2017, but the main content only applies from 20 July 2018.

II. General Information

Title

Regulation (EU) 2017/1131 of the European Parliament and of the Council of 14 June 2017 on money market funds

Abbreviations
Money Market Funds, MMF
Status
Existing
Regulation
(EU) No 2017/1131
Source
O.J. EU No L (Legislation), Edition 169, Year 2017, p.8
Adoption
06/14/2017
Promulgation
06/30/2017
Character
Regular Act
Legal Basis
Art. 114 Abs. 1 AEUV
Legislative Procedure
Codecision procedure
Background

III. Versions and Legislative History

1. Versions

Titel
Allg. Daten
Textfassung

Original Text Money Market Funds, MMF:
Regulation (EU) 2017/1131 of the European Parliament and of the Council of 14 June 2017 on money market funds

  (EU) No 2017/1131

Beschluss:
06/14/2017 (A)
Verkuendung:
06/30/2017 (P)
(A) Adoption | (P) Promulgation

2. Legislative History

Datum
Typ / Titel
Textfassungen
04/29/2015
Report of the European Parliament - 1st reading
O.J. 2016/C 346/152
05/21/2014
Opinion of the European Central Bank
O.J. 2014/C 255/3
12/10/2013
Opinion of the European Economic and Social Committee
CESE/2013/5988
09/04/2013
Proposal
COM(2013) 615 final

3. Comments

Datum
Stellungnahme
Textfassungen
12/06/2013
Deutsches Aktieninstitut e.V.
Comment on: Kommissionsvorschlag
06/26/2013
BVI Bundesverband Investment und Asset Management e.V. (BVI)
Comment on: Kommissionsvorschlag

Legend

Legislative Act Status

Documents

This page is available in other languages.

Admin Navigation

Diese Seite durchsuchen

Overview

I. Description
II. General Information
III. Versions and Legislative History
1. Versions
2. Legislative History
3. Comments