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S.I. No. 269/2018 - European Union (money market funds) Regulations 2018

Obsah (6)Article 17Article 4Article 6Article 19Article 21Article 29

S.I. No. 269/2018 - European Union (money market funds) Regulations 2018 Skip to content Disclaimer Feedback Helpdesk Gaeilge Léim go dtí an t-ábhar Séanadh Aiseolas Deasc chabhrach English Gaeilge En

Articles 9 to 16, (b) fails to comply with any of the portfolio requirements,

Article 17

, 18, 24 or 25, (c) has obtained authorisation through false statements or any other irregular means,

Article 4

or 5, (d) uses the designation ‘money market fund’, ‘MMF’ or of another designation that suggests that a UCITS or an AIF is an MMF,

Article 6

, (e) fails to comply with any of the requirements regarding the internal credit quality assessment,

Article 19

or 20, (f) fails to comply with any of the governance, documentation or transparency requirements,

Article 21

, 23, 26, 27, 28 or 36, or (g) fails to comply with any of the requirements regarding valuation,

Article 29, 30, 31, 32, 33 or 34.

(2)Where the Bank proposes to withdraw the authorisation of an MMF granted in accordance with Article 4 or 5, it shall— (
  1. a)give written notice of the proposed withdrawal to the MMF concerned or, as the case may be, the manager of the MMF concerned— (
  2. i)setting out the reasons for the proposed withdrawal, and (
  3. ii)specifying that the MMF or, as the case may be, the manager of the MMF, may, within 15 days of the date of service of the notice, make written representations to the Bank concerning the proposed withdrawal, and (
  4. b)consider any representations duly made in accordance with subparagraph (a)(
  5. ii)before deciding to proceed with the proposal to withdraw the authorisation or not.
(3)A decision taken by the Bank to withdraw an authorisation under this Regulation is an appealable decision for the purpose of Part VIIA of the Act of 1942.
(4)In this Regulation, a reference to an Article is a reference to an Article of the MMF Regulation. Amendment of Act of 1942 5. The Act of 1942 is amended— (
  1. a)in section 2(2A), by inserting the following paragraph: “(
  2. au)Regulation (EU) 2017/1131 of the European Parliament and of the Council of 14 June 20172 .”, (
  3. b)in section 33AK
(10), in the definition of “supervisory EU legal acts” by inserting the following paragraph: “(
  1. ae)Regulation (EU) 2017/1131 of the European Parliament and of the Council of 14 June 20173 ;”, and (
  2. c)in Part 2 of Schedule 2, by inserting the following item: “ 73 S.I. No. ...... of 2018. European Union (money market funds) Regulations 2018 The whole instrument ”. GIVEN under my Official Seal, 19 July 2018. PASCHAL DONOHOE, Minister for Finance. 1 OJ No. L169, 30.6.2017, p.8 2 OJ No. L169, 30.6.2017, p.8 3 OJ No. L169, 30.6.2017, p.8 Privacy Statement Accessibility European Legislation Identifier (PDF) Open Data License Ráiteas Príobháideachais Inrochtaineacht Aitheantóir Eorpach Reachtaíochta (ELI) Ceadúnas Sonraí Oscailte Liosta Fianán © Government of Ireland. Oireachtas Copyright Material is reproduced with the permission of the Houses of the Oireachtas © Rialtas na hÉireann. Atáirgtear ábhar faoi Chóipcheart le cead ó Thithe an Oireachtais

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