On 24 January 2019, a draft of the Money Market Funds (Amendment) (EU Exit) Regulations 2019, together with a draft explanatory memorandum was published on legislation.gov.uk. The draft statutory instrument is made under the European Union (Withdrawal) Act 2018 and forms part of HM Treasury’s contingency planning for a no deal Brexit. It has been laid before Parliament and concerns the onshoring of the eu Money Markets Funds Regulation. Paragraphs 2.10 and 2.11 of the explanatory memorandum set out at high level the key amendments being made.