Money Market Funds: EU Council adopts final text

The EU Council has adopted the Money Market Funds Regulation, which lays down rules and common standards on the structure of money market funds, their credit quality and liquidity.

The Council's adoption of the final text follows approval of the text on 5 April 2017 by the EU Parliament. The Regulation will be published in the Official Journal and most provisions will apply twelve months after its entry into force.