3.

When using mark- to-market: the asset of an MMF shall be valued at the more prudent side of bid and offer unless the asset can be closed out at mid-market; only good quality market data shall be used; such data shall be assessed on the basis of all of the following factors: the number and quality of the counterparties; the volume and turnover in the market of the asset of the MMF; the issue size and the portion of the issue that the MMF plans to buy or sell.

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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.