UK Government Policy Paper: Reforms To Money Market Fund Regulations

The Government and FCA announce plans to reform UK Money Market Fund Regulations.

Documents

The Government and FCA announce plans to reform UK Money Market Fund Regulations

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Money market funds (MMFs) play an important role in the financial system. MMFs are widely used for cash management and provide an alternative or complement to bank deposits for a broad range of investors, including asset managers, insurers, pension funds, large corporates and local authorities. However, recent periods of market stress have highlighted the need to strengthen the resilience of these funds.