# 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 31: Calculation of the constant NAV per unit or share of public debt CNAV MMFs

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

1. A public debt CNAV MMF shall calculate a constant NAV per unit or share as the difference between the sum of all of its assets valued in accordance with the amortised cost method, as provided for in Article 29(6), and the sum of all of its liabilities, divided by the number of its outstanding units or shares.
2. The constant NAV per unit or share of a public debt CNAV MMF shall be rounded to the nearest percentage point or its equivalent when the constant NAV is published in a currency unit.
3. The constant NAV per unit or share of a public debt CNAV MMF shall be calculated at least daily.
4. The difference between the constant NAV per unit or share and the NAV per unit or share calculated in accordance with Article 30 shall be monitored and published daily on the public section of the website of the MMF.

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Source: https://www.legislation.gov.uk/eur/2017/1131/article/31 (the official version)
Page: https://openlegislation.uk/eu-regulation-2017-1131/article-31
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.