On 8 June 2026, the Financial Conduct Authority (FCA) published a new webpage providing an update on reforms to the UK Money Market Fund Regulation (UK MMRF).
In its update the FCA sets out some of the key proposals that its original consultation included and the responses to them.
The key
On 11 May 2026, the European Commission (Commission) issued a report on money market funds (MMFs) together with FAQs.
Report
In 2023, the Commission published a report showing that “the MMF Regulation successfully passed the test of liquidity stress experienced by MMFs during the COVID-19 related market turmoil of March 2020
On 11 May 2026, the European Securities and Markets Authority (ESMA) published a final report setting out the results of its Common Supervisory Action (CSA) on compliance and internal audit functions of fund managers. The final report also includes a list of good and poor practices that Member State competent authorities
On 5 May 2026, the European Securities and Markets Authority (ESMA) issued a consultation paper proposing a new approach to updating the parameters for stress test scenarios under the Money Market Funds (MMFs) framework.
The MMF Regulation provides that ESMA shall develop guidelines with a view to establishing common reference parameters
16 April 2026 marks the transposition deadline for AIFMD II (Directive (EU) 2024/927) which amends both the existing AIFMD (Directive 2011/61/EU) and the UCITS Directive (Directive 2009/65/EC) and harmonises rules across the EU in a number of key areas.
This news flash summarises the principal measures that local legislators shall implement as from 16 April
October was another busy month in the financial services regulatory space. ASIC issued a number of new legislative instruments to continue the relief available under sunsetting class orders, while also removing certain notification obligations under the reportable situations regime. Interestingly, these changes were followed by ASIC’s second publication on insights from the reportable situations regime,