FCA reports that it is planning to introduce, through a new rule, a requirement that all MMFs hold sufficient liquidity for adequate resilience. ...
FCA reports that it is planning to introduce, through a new rule, a requirement that all MMFs hold sufficient liquidity for adequate resilience. It intends to retain in rules the current minimum weekly liquid assets as set out in UK MMFR. FCA intends to set out in guidance its strong supervisory expectation that stable NAV MMFs will need to hold 40% WLA and variable NAV MMFs will need to hold 20% weekly liquid assets in order to meet the new resilience requirement.
Disclaimer
This article is intended for general information purposes only and does not constitute legal advice. For advice specific to your situation, please contact our team at T & M Legis for a consultation with our Legal Experts.
