UK FCA is planning a new rule requiring all money market funds to hold sufficient liquidity for resilience

Planning to introduce, through a new rule, a requirement that all MMFs hold sufficient liquidity for adequate resilience. This is to support objectives of maintaining financial stability and market integrity. The Government has set out its expectation that legislation for the repeal of the MMFR will be introduced by the end of 2026. We plan to make our new MMF rules to this timescale.