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Commission Implementing Regulation (EU) 2018/708Show full title

Commission Implementing Regulation (EU) 2018/708 of 17 April 2018 laying down implementing technical standards with regard to the template to be used by managers of money market funds when reporting to competent authorities as stipulated by Article 37 of Regulation (EU) 2017/1131 of the European Parliament and of the Council (Text with EEA relevance)

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Commission Implementing Regulation (EU) 2018/708, LVNAV MMFs is up to date with all changes known to be in force on or before 10 August 2026. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

EUR 2018 No. 708 may be subject to amendment by EU Exit Instruments made by the Financial Conduct Authority under powers set out in The Financial Regulators’ Powers (Technical Standards etc.) (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1115), regs. 2, 3, Sch. Pt. 1. These amendments are not currently available on legislation.gov.uk. Details of relevant amending instruments can be found on their website/s.

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Changes and effects yet to be applied to Annex Division 1:

LVNAV MMFs U.K.

ItemData typeReported data
(B) APPLICABLE TO LVNAV MMF
a) Indicate every event in which the price of an asset valued by using the amortised cost method in accordance with the first subparagraph of Article 29(7) of Regulation (EU) 2017/1131 deviates from the price of that asset calculated in accordance with paragraphs 2, 3 and 4 of Article 29 of Regulation (EU) 2017/1131 by more than 10 basis points. These fields should be reported for every asset the price of which, by using the amortised cost method, would deviate in such a way.
(B.1.1)Valuation date (the first day where the event occurs)ISO 8601 date in the format YYYY-MM-DD
(B.1.2)ISIN of the assetISO 6166 ISIN 12 character alphanumerical code
(B.1.3)CFI code (if available and if the ISIN is not available) of the assetISO 10692 CFI, 6 characters alphabetical code
(B.1.4)Price (paragraphs 2, 3 and 4 of Article 29 of Regulation (EU) 2017/1131) (at the valuation date mentioned in field B.1.1. when the event occurs)
(B.1.5)Price (amortised cost method) (at the valuation date mentioned in field B.1.1. when the event occurs)
(B.1.6)From the valuation date specified in field B.1.1, state how long the price of an asset valued by using the amortised cost method deviated by more than 10 basis points from the price of that asset(days)
(B.1.7)During the period mentioned in field B.1.6, state the average difference between the two values mentioned in field B.1.6
(B.1.8)During the period mentioned in field B.1.6., state the minimum price deviation between the two values
(B.1.9)During the period mentioned in field B.1.6, state the maximum price deviation between the two values
b) Indicate every event in which the constant NAV per unit or share calculated in accordance with paragraphs 1 and 2 of Article 32 of Regulation (EU) 2017/1131 deviates from the NAV per unit or share calculated in accordance with Article 30 of Regulation (EU) 2017/1131 by more than 20 basis points.
(B.1.10)Valuation date (the first day the event occurs)ISO 8601 date in the format YYYY-MM-DD
(B.1.11)Constant NAV (Article 31 of Regulation (EU) 2017/1131) (at the valuation date mentioned in field B.1.10, when the event occurs)(in EUR) (if the base currency is not in EUR the exchange ratio used shall be the rate most recently set by the European Central Bank)
(B.1.12)Constant NAV (Article 31 of Regulation (EU) 2017/1131) (at the valuation date mentioned in field B.1.10, when the event occurs)(in base currency)
(B.1.13)NAV (Article 30 of Regulation (EU) 2017/1131) (at the valuation date mentioned in field B.1.10, when the event occurs)(in EUR) (if the base currency is not in EUR the exchange ratio used shall be the rate most recently set by the European Central Bank)
(B.1.14)NAV (Article 30 of Regulation (EU) 2017/1131) (at the valuation date mentioned in field B.1.10, when the event occurs)(in base currency)
(B.1.15)From the valuation date specified in field B.1.10, state how long did the constant NAV per unit or share calculated deviate from the NAV per unit or share calculated by more than 20 basis points(days)
(B.1.16)During the period mentioned in field B.1.15, state the average difference between the two values mentioned on field B.1.15
(B.1.17)During the period mentioned in field B.1.15, state the minimum price deviation between the two values
(B.1.18)During the period mentioned in field B.1.15, state the maximum price deviation between the two values
c) Indicate every event in which a situation mentioned in Article 34(3) of Regulation (EU) 2017/1131 occurs and the measures taken by the board in accordance with points (a) and (b) of Article 34(1) of that Regulation.
(B.1.19)Date of the eventISO 8601 date in the format YYYY-MM-DD
(B.1.20)Date when the measure was takenISO 8601 date in the format YYYY-MM-DD
(B.1.21)Type of measure (Whenever the proportion of weekly maturing assets falls below 30 % of the total assets of the MMF and whenever the net daily redemptions on a single business day exceed 10 % of total assets)

liquidity fees on redemptions

redemption gates

suspension of redemptions

take no immediate action other than correcting the situation where limits referred to in Article 24(1) of Regulation (EU) 2017/1131 are exceeded, in accordance with Article 24(2) of that Regulation

(B.1.22)Type of measure (Whenever the proportion of weekly maturing assets falls below 10 % of its total assets)

liquidity fees on redemptions

suspension of redemptions

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