ELTIFs and MMFs: A Tale of Two Regulations

The proposed Regulation on European Long Term Investment Funds (ELTIFs) is essentially a done deal, following its approval by the European Parliament (Parliament) in plenary session on 10 March 2015. In contrast, while the Parliament has also made considerable progress on the proposed Regulation on Money Market Funds (MMFs), with a plenary vote scheduled for 28 April 2015, the treatment of constant net asset value (CNAV) MMFs remains a controversial issue at EU level.

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