My bookmarksSign up free

Regulation (EU) 2017/1131 CHAPTER VI — External support

Article 35 · 1 articles

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

External support

Article 35

1.   A MMF shall not receive external support. 2.   External support means direct or indirect support offered to an MMF by a third party, including a sponsor of the MMF, that is intended for or in effect would result in guaranteeing the liquidity of the MMF or stabilising the NAV per unit or share of the MMF. External support shall include: (a) cash injections from a third party; (b) purchase by a third party of assets of the MMF at an inflated price; (c) purchase by a third party of units or shares of the MMF in order to provide liquidity to the fund; (d) issuance by a third party of any kind of explicit or implicit guarantee, warranty or letter of support for the benefit of the MMF; (e) any action by a third party the direct or indirect objective of which is to maintain the liquidity profile and the NAV per unit or share of the MMF.

Back to Regulation (EU) 2017/1131 — full text

Articles on this page are reproduced verbatim from official open data. See the attribution line.

Source: EUR-Lex (Publications Office of the EU), © European Union, reuse permitted under Commission Decision 2011/833/EU.

What to look at next