Examples of MMF Regulation in a sentence
The Fund solicits an external credit rating for the Money Market Sub-Fund in accordance with the MMF Regulation.
The Company may employ reverse repurchase agreements relating to Money Market Instruments and other financial liquid assets for efficient portfolio management purposes within the limits laid down by the CSSF and in the MMF Regulation, as described under section “INVESTMENT RESTRICTIONS”.
The aggregate risk exposure of a Sub-Fund to the same counterparty to OTC derivative transactions which fulfil the conditions set out in Article 13 of the MMF Regulation shall not exceed 5% of the assets of the Sub-Fund.
In accordance with the MMF Regulation and the relevant delegated acts accompanying it, the Management Company (including its delegates) has established internal credit quality assessment procedures applicable to MMF Sub-Funds (the “Procedures”).These procedures define the process for determining the credit quality of money market instruments, securitisations and ABCPs held by any MMF Sub-Fund, taking into account the issuer of the instrument and the characteristics of the instrument itself.
Each of the three unlaunched sub-funds of the Company is authorised by the Central Bank as a short-term variable net asset value (“VNAV”) MMF pursuant to the MMF Regulation.
The objectives of these guidelines are to establish consistent, efficient and effective supervisory practices and to ensure the common, uniform and consistent application of Article 37 of the MMF Regulation and the Implementing Regulation on reporting.
Summary of Investment and Borrowing Powers for LVNAV MMFs Investment powers and limits for Regulated Money Market Funds (including QMMFs) are set out in the MMF Regulation as summarised below.
For the purposes of the MMF Regulation, the ACD is the manager of the PSDF and is responsible for ensuring compliance with the MMF Regulation and is liable for any loss or damage resulting from non-compliance with the MMF Regulation.
Pursuant to Article 36 (1) of the MMF Regulation, the SICAV’S money-market sub-fund(s) clearly state(s):- if the sub-fund is a short-term money market sub-fund or a standard money market sub-fund;- what type of money market sub-fund it is:o public debt constant net asset value (CNAV) MMF;o low volatility net asset value (LVNAV) MMF;o variable net asset value (VNAV) MMF.
All investments under a Constant NAV (CNAV) Sub-Fund are valued using the amortised cost method in accordance with Articles 31 and 32 of the Money Market Fund (MMF) Regulation for Public Debt CNAV MMF and Low Volatility NAV Sub-Fund (LVNAV) MMF and rounded to the nearest percentage point or its equivalent.