Money market meaning

ARCHIVED: This Practice Note is archived and is no longer maintained. After reviewing shadow banking and investment funds, the European Commission highlighted several issues concerning money market funds (MMFs). In response, it issued the original proposal for a Regulation on Money Market Funds (MMF Regulation) in September 2013, reflecting recommendations from the International Organisation of Securities Commissions (IOSCO) and the Financial Stability Board (FSB). On 29 April 2015, the European Parliament voted on a package of amendments to the draft MMF Regulation. The final text was published in the Official Journal of the EU on 30 June 2017 and took effect on 21 July 2017. The MMF Regulation seeks to strengthen investor protection and to reduce the risks that MMFs may pose to the integrity and stability of financial markets...

TPR stated that its refreshed corporate plan for 2024 to 2027 will press ahead with policy measures aimed at safeguarding consumers’ funds and interests as the industry evolves. This involves bringing in new rules on pension scheme funding, trailed by the government in January 2023, intended to permit greater flexibility for investing in higher‑risk assets to help stimulate UK economic growth. The regulator added it will keep building the value‑for‑money framework, while making sure that new defined benefit (DB) consolidators, which combine smaller schemes, act to protect savers. The framework aims to move attention away from price and towards long‑term value for defined contribution (DC) pension savings. The government also intends to reshape the Pension Protection Fund as a public sector consolidator as the sector undergoes changes in the UK over 2024 to 2027 as well...

In this issue: Practice Compliance forecast Financial sanctions AML, CTF & counter-proliferation financing Other financial crime Data protection Other Practice Compliance updates this week Daily and weekly news alerts New and updated content Practice Compliance forecast New Practice Compliance forecast as at 18 March 2025 Our latest Practice Compliance forecast (as at 18 March 2025) is now available. This month we cover: (1) the introduction of the Crime and Policing Bill 2025; (2) the government’s JFT developing a new Fraud Strategy; (3) the ICO’s plan to issue refreshed guidance on data breach reporting; and (4) the SRA’s application window for specified solicitors to remain on the roll. See News Analysis: New Practice Compliance forecast as at 18 March 2025. Financial sanctions How UK Supreme Court may assess Russia sanctions cases Law360, London reports that in January 2025 the UK Supreme Court heard two appeals under the Sanctions and Anti-Money Laundering Act...

In this issue: Spring Budget 2024 The Pensions Regulator Pensions taxation The Pension Protection Fund Investment Scheme governance Daily and weekly news alerts Dates for your diary Trackers Spring Budget 2024 Key pensions announcements and views from the market In the Spring Budget 2024, delivered on 6 March 2024, the Chancellor of the Exchequer, the Rt Hon Jeremy Hunt MP, outlined the government’s central objective: to stimulate growth by funnelling more capital into UK equity markets, improving the UK’s standing as a listing venue, and building on the Mansion House reforms announced in the Autumn Statement 2023. Key pensions measures include: expanding the regulatory remit of the Pensions Regulator (TPR) and the Financial Conduct Authority (FCA) to enable the closure or winding-up of poorly performing defined contribution (DC) schemes, aligned with the reformed Value for Money (VFM) framework requiring DC funds to publish, by 2027, a public breakdown of...

This Practice Note examines core aspects of the UK framework for money market funds (MMFs) that stems from Regulation (EU) 2017/1131 (the EU MMF Regulation). It also looks at suggested changes to the framework, with the Financial Conduct Authority (FCA), HM Treasury and the Bank of England (BoE) working jointly to bolster its resilience and align it with post‑Brexit regulatory objectives. For background on the EU MMF Regulation, see Practice Note: EU MMF Regulation—essentials. What is an MMF? Money market funds (MMFs) are investment funds that invest in short‑term debt instruments and so play a significant role in the short‑term financing of the economy. In particular, MMFs are open‑ended, liquid investment funds that invest in fixed income through short‑term debt, for example money market instruments issued by banks, governments or companies (including treasury bills, commercial paper and certificates of deposit) which pay interest. They therefore form an important connection between demand for, and the supply of, short‑term debt. Further information on the eligible assets of an MMF is...

Yunneng Wind Power Co. Limited successfully sought a Part 26A restructuring plan (RP), with the convening hearing in July 2023 and the sanction hearing in August 2023. The key points are set out below. Capitalised terms not defined here take the meanings assigned in the convening and sanction judgments. This Deal Debrief forms part of the Restructuring plans collection. For a fuller review of core metrics from RPs lodged in 2023, alongside commentary from leading figures in the restructuring sphere, see Practice Note: Market Insights Trend Report—trends in Part 26A restructuring plans in 2023 [Archived]. Name of plan company Yunneng Wind Power Co....

What is land remediation relief? (LRR) LRR provides corporation tax relief on expenditure incurred in remediating contaminated land or in bringing derelict sites back into use. In 2009, the regime was broadened to address market failure by returning long-term derelict land to use, bringing such sites back into use. An incentive applies where land, whose development has been affected by various kinds of continuing dereliction, is brought back into productive use. The extension was intended to correct market failure by encouraging activity on sites blighted by ongoing dereliction. The relief was at risk of being discontinued after 2012; however, the 2012 Budget confirmed it would continue. The October 2024 HM Treasury Corporate Tax Roadmap, published alongside Autumn Budget 2024, notes the new Labour government’s commitment to a brownfield-first approach, prioritising the development of previously used land wherever possible. Given the time since the last review of LRR, and the potential for it to help progress the government’s objectives, the Roadmap announced that a consultation would be launched to...

STOP PRESS : Major reforms to the UK prospectus regime took effect on 19 January 2026. The fresh rules for public offers of securities and for admissions to trading in the UK are primarily contained in the Public Offers and Admissions to Trading Regulations 2024, SI 2024/105, (the POATRs) and the FCA sourcebook, The Prospectus Rules: Admission to Trading on a Regulated Market (PRM). The UK Prospectus Regulation and the FCA Prospectus Regulation Rules are revoked. The changes are intended to streamline capital raising and materially cut the instances where a company is obliged to produce an FCA-approved prospectus for any subsequent share issues. For comprehensive details of the changes, refer to Practice Note: UK prospectus regime reform. This Practice Note reflects the prospectus regime in place before 19 January 2026. [ ON THE PLACING AGENT'S LETTERHEAD ] An application has been submitted to the Financial Conduct Authority (the FCA) and London Stock Exchange plc (the LSE) for the Ordinary Shares (as defined below) to be admitted to...