On 12 April 2022, the European Commission launched a targeted public consultation intended to evaluate the Regulation on money market funds (MMF Regulation). The objective of the consultation is to seek feedback on the functioning of the regulatory framework and to collect data, in particular economic data, on the use of MMFs. The deadline for responding to the consultation is 13 May 2022.
The feedback from this consultation will complement the input provided by the European Securities and Markets Authority and the European Systemic Risk Board, as well as the information collected via other international initiatives. The MMF Regulation requires the Commission to submit a report to the European Parliament and the Council assessing the adequacy of the MMF Regulation from a prudential and economic point of view. This should be based on a robust and comprehensive evaluation of current rules. The answers to this consultation will feed into the Commission’s report.