The CSSF published its final guidance on MMF weekly liquid assets on 30 October 2026, and the numbers did not move. The CSSF expects Luxembourg money market funds to align their liquidity risk frameworks and weekly liquid assets (WLA) with market resilience levels of 20% for variable net asset value (VNAV) funds and 40% for…
On 8 July 2026 the European Securities and Markets Authority published its final report on the technical standards that flesh out how EU central counterparties must build their CCP admission criteria (ESMA91-1505572268-4692). The standards sit under Article 37(7) of EMIR, the participation-requirements article that Regulation (EU) 2024/2987, better known as EMIR 3, rewrote when it…
A money market fund manager who keeps a 2018 copy of the CSSF MMFR FAQ open in a browser tab is now reading a superseded version of the guidance. On 2 June 2026 the CSSF reissued its FAQ on the Money Market Funds Regulation as Version 5 and deleted two questions outright. Neither deletion loosens…