European documentation

Documents of the Committee of European Securities Regulators ("CESR") (which was replaced by ESMA)

 

CESR/10-049: Guidelines on a common definition of European money market funds

These guidelines present a two-tiered approach for the definition of European money market funds: (i) Short-Term Money Market Funds and (ii) Money Market Funds. The guidelines apply to UCITS authorised pursuant to the UCITS Directive as well as UCIs regulated pursuant to the national laws in their country of origin which are subject to supervision and comply with the risk-spreading rules.