+Section I General rules and eligible assets
---+Article 8 General principles
------+Article 8 1.
------+Article 8 2.
---+Article 9 Eligible assets
------+Article 9 1.
------+Article 9 2.
------+Article 9 3.
---+Article 10 Eligible money market instruments
------+Article 10 1.
------+Article 10 2.
------+Article 10 3.
---+Article 11 Eligible securitisations and ABCPs
------+Article 11 1.
------+Article 11 2.
------+Article 11 3.
------+Article 11 4.
---+Article 12 Eligible deposits with credit institutions
---+Article 13 Eligible financial derivative instruments
---+Article 14 Eligible repurchase agreements
---+Article 15 Eligible reverse repurchase agreements
------+Article 15 1.
------+Article 15 2.
------+Article 15 3.
------+Article 15 4.
------+Article 15 5.
------+Article 15 6.
------+Article 15 7.
---+Article 16 Eligible units or shares of MMFs
------+Article 16 1.
------+Article 16 2.
------+Article 16 3.
------+Article 16 4.
------+Article 16 5.
------+Article 16 6.
------+Article 16 7.

Section I General rules and eligible assets

Section I General rules and eligible assets

1. Panoramica

,
Article 8 General principles
Article 9 Eligible assets
Article 10 Eligible money market instruments
Article 11 Eligible securitisations and ABCPs
Article 12 Eligible deposits with credit institutions

Article 12

Eligible deposits with credit institutions

A deposit with a credit institution shall be eligible for investment by an MMF provided that all of the following conditions are fulfilled:

(a) 

the deposit is repayable on demand or is able to be withdrawn at any time;

(b) 

the deposit matures in no more than 12 months;

(c) 

the credit institution has its registered office in a Member State or, where the credit institution has its registered office in a third country, it is subject to prudential rules considered equivalent to those laid down in Union law in accordance with the procedure laid down in Article 107(4) of Regulation (EU) No 575/2013.
Article 13 Eligible financial derivative instruments

Article 13

Eligible financial derivative instruments

A financial derivative instrument shall be eligible for investment by an MMF provided it is dealt in on a regulated market as referred to in point (a), (b) or (c) of Article 50(1) of Directive 2009/65/EC or OTC and provided that all of the following conditions are fulfilled:

(a) 

the underlying of the derivative instrument consists of interest rates, foreign exchange rates, currencies or indices representing one of those categories;

(b) 

the derivative instrument serves only the purpose of hedging the interest rate or exchange rate risks inherent in other investments of the MMF;

(c) 

the counterparties to OTC derivative transactions are institutions subject to prudential regulation and supervision and belonging to the categories approved by the competent authority of the MMF;

(d) 

the OTC derivatives are subject to reliable and verifiable valuation on a daily basis and can be sold, liquidated or closed by an offsetting transaction at any time at their fair value at the MMF's initiative.
Article 14 Eligible repurchase agreements

Article 14

Eligible repurchase agreements

A repurchase agreement shall be eligible to be entered into by an MMF provided that all of the following conditions are fulfilled:

(a) 

it is used on a temporary basis, for no more than seven working days, only for liquidity management purposes and not for investment purposes other than as referred to in point (c);

(b) 

the counterparty receiving assets transferred by the MMF as collateral under the repurchase agreement is prohibited from selling, investing, pledging or otherwise transferring those assets without the MMF's prior consent;

(c) 

the cash received by the MMF as part of the repurchase agreement is able to be:

(i) 

placed on deposits in accordance with point (f) of Article 50(1) of Directive 2009/65/EC; or

(ii) 

invested in assets referred to in Article 15(6), but shall not otherwise be invested in eligible assets as referred to in Article 9, transferred or otherwise reused;

▼M3

(d) 

the cash received by the MMF as part of the repurchase agreement that is not centrally cleared through a CCP authorised in accordance with Article 14 of Regulation (EU) No 648/2012 or recognised in accordance with Article 25 of that Regulation does not exceed 10 % of its assets;

(da) 

the cash received by the MMF as part of the repurchase agreement that is centrally cleared through a CCP authorised in accordance with Article 14 of Regulation (EU) No 648/2012 or recognised in accordance with Article 25 of that Regulation does not exceed 15 % of its assets;

▼B

(e) 

the MMF has the right to terminate the agreement at any time upon giving prior notice of no more than two working days.
Article 15 Eligible reverse repurchase agreements
Article 16 Eligible units or shares of MMFs

1.1 Riferimenti

1.2 Requisiti identificati

1.3 Standard correlati

2. Requisiti identificati

Requisiti

3. Standard correlati

Standard