Funds and asset management regulatory news, June 2020 #3

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Recent regulatory developments of interest to the funds and asset management sector. Other key updates are included in our Financial institutions general regulatory news in the related materials margin.

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  • MMF Regulation: ESMA guidelines on reporting to NCAs

MMF Regulation: ESMA guidelines on reporting to NCAs

The European Securities and Markets Authority (ESMA) has published official translations of its guidelines on reporting to national competent authorities (NCAs) under Article 37 of the Regulation on money market funds (MMF Regulation). Publication of the official translations in all EU official languages triggers the application date of the guidelines two months later, 22 August 2020. NCAs must notify ESMA whether they comply, or intend to comply, with the guidelines within this two-month period.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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