1.

A money market instrument shall be eligible for investment by an MMF provided that it fulfils all of the following requirements: it falls within one of the categories of money market instruments referred to in point (a), (b), (c) or (h) of Article 50(1) of Directive 2009/65/EC; it displays one of the following alternative characteristics: it has a legal maturity at issuance of 397 days or less; it has a residual maturity of 397 days or less; the issuer of the money market instrument and the quality of the money market instrument have received a favourable assessment pursuant to Articles 19 to 22; where an MMF invests in a securitisation or ABCP, it is subject to the requirements laid down in Article 11.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-30 · Text as adopted (Official Journal); later amendments are not incorporated in this text.