Vote on new rules to make cash flow investments by start-ups and SMEs safer
Draft rules to make money market funds (MMFs) more resilient in crises and better able to resist market turbulence will be put to a final vote on Wednesday. MFFs supply easily accessible liquid assets to investors seeking to diversify their portfolios, business start-ups and small and medium-sized enterprises (SMEs), but can be vulnerable to panic runs on their money.
Parliament has included a new category of MMFs, Low Volatility Net Asset Value MMFs (LVNAV MMF) in the rules, to make them work better for the real economy. MEPs provisionally agreed the new rules with the Council in November 2016.
Debate: Tuesday, 4 April
Vote: Wednesday, 5 April
Procedure: Co-decision (ordinary legislative procedure), first reading agreement