FCA signals new UK Money Market Fund rules
FCA set out next steps for new rules and guidance on Money Market Funds following Government plans to replace the UK MMF Regulation.
The Government plans to replace the UK MMF Regulation, with the FCA to issue new rules and guidance. MMFs are widely used for cash management and liquidity, so changes will affect fund managers, treasury functions and institutional investors relying on MMFs.
MMFs are systemic to short-term funding and liquidity management across the financial system.
Action Required
Track FCA MMF rule changes and assess impact on liquidity management, fund structures and treasury operations.
Replacement of MMF regulation has systemic liquidity implications.
Engage with forthcoming FCA MMF consultation; assess liquidity risk frameworks, fund structures and treasury reliance on MMFs ahead of regulatory changes.
“FCA set out next steps on issuing new rules and guidance on Money Market Funds following Government plans, announced 15 May, to replace the current UK Money Market Funds Regulation.”
Published: 2026-06-15