+Article 41 1.

Article 41 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:

(a) 

fails to comply with any of the requirements regarding asset composition, in infringement of Articles 9 to 16;

(b) 

fails to comply with any of the portfolio requirements, in infringement of Article 17, 18, 24 or 25;

(c) 

has obtained authorisation through false statements or any other irregular means, in infringement of Article 4 or 5;

(d) 

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;

(e) 

fails to comply with any of the requirements regarding the internal credit quality assessment, in infringement of Article 19 or 20;

(f) 

fails to comply with any of the governance, documentation or transparency requirements, in infringement of Article 21, 23, 26, 27, 28 or 36;

(g) 

fails to comply with any of the requirements regarding valuation, in infringement of Article 29, 30, 31, 32, 33 or 34.

1. Panoramica

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1.1 Riferimenti

1.2 Requisiti identificati

1.3 Standard correlati

2. Requisiti identificati

Requisiti

3. Standard correlati

Standard