The Money Market Funds (Amendment) (EU Exit) Regulations 2019

Provisions on investment policies

This section has no associated Explanatory Memorandum

11.—(1) In Article 17—

(a)in paragraphs 1(b) and 6—

(i)for “Member State in which the MMF is domiciled” substitute “United Kingdom”; and

(ii)for “another Member State” substitute “a Member State”;

(b)in paragraph 7, in the first subparagraph—

(i)for “competent authority of the MMF” substitute “FCA”;

(ii)before “Union” insert “European”;

(iii)before “the Member States” insert “the United Kingdom or”;

(iv)for “third country” substitute “country other than the United Kingdom or a Member State”; and

(v)before “one or more Member States” insert “the United Kingdom or”;

(c)in paragraph 8, before “a Member State” insert “the United Kingdom or”; and

(d)in paragraph 10, for the words from “Directive” to “Council” substitute “the Companies Partnerships and Groups (Accounts and Reports) Regulations 2015(1)”.

(2) In Article 18, in paragraph 2—

(a)before “Union” insert “European”;

(b)before “the Member States” insert “the United Kingdom or”;

(c)for “third country” substitute “country other than the United Kingdom or a Member State”; and

(d)before “one or more Member States” insert “the United Kingdom or”.