penningmarknadsfondsregelverk

Penningmarknadsfondsregelverk refers to the regulatory framework governing money market funds (MMFs) in Sweden and, more broadly, the EU framework that shapes how these funds are organized, marketed, and supervised. MMFs are investment schemes that aim to provide liquidity and preservation of capital by investing in high-quality, short-term debt instruments. The rule set covers authorization, operation, disclosure, and ongoing supervision to mitigate liquidity, credit, and market risks.

In Sweden, Finansinspektionen (FI) is the supervisory authority responsible for implementing and enforcing the rules within the national context, in alignment with European Union regulations. The overarching framework emphasizes prudent risk management, transparency, and investor protection, while ensuring that MMFs can meet redemption demands under normal and stressed conditions.

Key components of penningmarknadsfondsregelverk include asset eligibility and diversification limits, specifying that investments should be high-quality short-term instruments with limits on credit exposure and concentration. Liquidity requirements mandate that funds hold sufficient liquid assets to meet redemptions, and that they monitor and manage liquidity risk through stress testing and scenario analysis. Maturity and volatility controls are used to manage interest rate and maturity risk, with governance provisions that require robust risk management frameworks, valuation policies, internal controls, and independent oversight.

The regulation also outlines mechanisms to address liquidity shortfalls in times of stress, such as redemption fees or liquidity gates, and prescribes reporting and disclosure standards to authorities and investors. Ongoing updates reflect EU harmonization efforts and national adaptations, ensuring consistency across markets while allowing for supervisory adjustments at the national level.