26 Money market funds authorised in approved countries
Financial Services Act 2021 (2021 c 22) | Legislation

26  Money market funds authorised in approved countries

(1)     Regulation (EU) 2017/1131 of the European Parliament and of the Council of 14 June 2017 on money market funds is amended as follows.

(2)     In Article 4 (authorisation of MMFs)—

(a)     in paragraph 1, after point (a) insert—

“(aa)     it is authorised and supervised in a country or territory approved by regulations under Article 4A and satisfies the condition in paragraph 1ZA;”, and

(b)     after paragraph 1 insert—

“1ZA     An undertaking satisfies the condition in this

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