# Regulation (EU) 2017/1131 of the European Parliament and of the Council of 14 June 2017 on money market funds (Text with EEA relevance), Article 1: Subject matter and scope

Extent: E+W+S+N.I.

1. This Regulation lays down rules for money market funds (MMFs) established, managed or marketed in the United Kingdom, concerning the financial instruments eligible for investment by a MMF, the portfolio of an MMF, the valuation of the assets of an MMF, and the reporting requirements in relation to an MMF.
This Regulation applies to collective investment undertakings that:
(a) require authorisation as UCITS or are authorised as UCITS under section 243 or 261D of FSMA M1 or regulation 14 of the OEIC Regulations M2; or are AIFs;
(b) invest in short-term assets; and
(c) have distinct or cumulative objectives offering returns in line with money market rates or preserving the value of the investment.
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Source: https://www.legislation.gov.uk/eur/2017/1131/article/1 (the official version)
Page: https://openlegislation.uk/eu-regulation-2017-1131/article-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.