House of Commons · Written Ministerial Statement
Reforms to Money Market Fund Regulations
14 May 2026 · Treasury
Proposed by Lucy Rigby Lab Northampton North
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- Lucy Rigby is addressing reforms to Money Market Fund Regulations to enhance resilience during market stress.
- The Government will lay legislation to establish a new regulatory framework for UK MMFs as soon as parliamentary time allows.
- The FCA will set higher liquidity expectations for UK MMFs, with the new regime expected to be in place by Q4 2026.
Issue summary
Lucy Rigby is addressing reforms to Money Market Fund Regulations to enhance resilience during market stress.
Action requested
The Government will lay legislation as soon as parliamentary time allows to establish a new regulatory framework for UK MMFs, with the FCA setting higher liquidity expectations. The regime is expected to be in place by Q4 2026.
Key facts
- HM Treasury and FCA consulted on replacing and reforming MMFR in 2023.
- Most requirements for UK MMFs will be set out in FCA rules and guidance under the new regulatory framework.
- The regime is expected to be in place by Q4 2026, subject to Parliamentary approval.
- The EU published a report on 11 May setting out expectations for Money Market Funds.
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