1.

Without prejudice to powers vested in competent authorities in accordance with Directive 2009/65/EC or 2011/61/EU, as applicable, the competent authority of an MMF or the manager of an MMF shall, while respecting the principle of proportionality, take the appropriate measures referred to in paragraph 2 where an MMF or the manager of an MMF: fails to comply with any of the requirements regarding asset composition, in infringement of Articles 9 to 16; fails to comply with any of the portfolio requirements, in infringement of Article 17, 18, 24 or 25; has obtained authorisation through false statements or any other irregular means, in infringement of Article 4 or 5; uses the designation ‘money market fund’, ‘MMF’ or of another designation that suggests that a UCITS or AIF is an MMF, in infringement of Article 6; fails to comply with any of the requirements regarding the internal credit quality assessment, in infringement of Article 19 or 20; fails to comply with any of the governance, documentation or transparency requirements, in infringement of Article 21, 23, 26, 27, 28 or 36; fails to comply with any of the requirements regarding valuation, in infringement of Article 29, 30, 31, 32, 33 or 34.

← Article 41 · All articles · art_41__para_1__text_1 →

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