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Reforms to Money Market Fund Regulations

14 May 2026

Proposing MP
Lucy Rigby Lab
Northampton North
Type
Written Ministerial Statement
Department
Treasury
View on Parliament.uk -->

At a Glance

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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