Money market funds: the ANC has confirmed the presumption of classification as "cash equivalents"
Why this matters
AMF clarification on accounting treatment of money market funds (MMF) as 'cash equivalents' under AIFMD II. The ANC confirmed that liquidity management tools like swing pricing do not disqualify VNAV MMFs from cash equivalent classification, though the presumption remains rebuttable. This is informational guidance for asset managers managing MMFs, updating regulatory doctrine rather than imposing new requirements.
AI-generated classification rationale, not a full analysis. Verify with the original AMF source before acting. Full disclaimer.
What the AMF said
MMF Asset management AIFMD Money market funds: the ANC has confirmed the presumption of classification as "cash equivalents"
Published by AMF . Read the full notice at the source for the authoritative text.
Context
Autorite des Marches Financiers (AMF) — France's financial markets regulator. We track 675 updates from them.
French financial markets are regulated by the AMF and ACPR. Browse all France updates.
This update is classified under Reporting & Disclosure, Authorisation & Licensing, Investment Management and Capital Markets & Trading.