Qualifying money market fund definition

Qualifying money market fund means a collective investment undertaking authorised under the Open-Ended Undertakings for Collective Investment in Transferable Securities (UCITS) and Related Issues law, or which is subject to supervision and, if applicable, authorised by an authority under the national law of a Member State, and which satisfies the following conditions:

Qualifying money market fund means a collective investment undertaking authorised under Directive 2009/65/EC, or which is subject to supervision and, if applicable, authorised by an authority under the national law of the authorising Member State, and which satisfies all of the following conditions:

Qualifying money market fund means has the meaning given in the FCA Rules.

Examples of Qualifying money market fund in a sentence

• We shall not be liable for any restriction on redemption or diminution in the value of Qualifying money market fund or funds.

• Risk Mitigation Measures:According to CySEC Directive 87-01, the Company must upon receiving any client funds, promptly place those funds into one or more accounts opened with any of the following:• Central Bank.• Credit Institution as defined in Article 2(1) of the Business of Credit Institutions Law.• Bank authorised in a Third Country.• Qualifying money market fund.

• Any of your money which is not due and payable to us and is not otherwise paid to you will be segregated from our money and held by us in an EU regulated credit institution or a bank authorised in a non- EU country or, unless you request otherwise, in a Qualifying money market fund or funds as defined by the Rules of the FCA, in which case your money would be held in accordance with the custody rules rather than the client money rules of the FCA.

• Any of your money which is not due and payable to us and is not otherwise paid to you will be segregated from our money and held by us in a UK or EU regulated credit institution or a bank authorised in a third country or in a Qualifying money market fund or funds as defined by the Rules of the FCA, in which case your money would be held in accordance with the custody rules rather than the client money rules of the FCA.

• This indicates a democratic element in the process of fatwa-making.51The NU states that although decisions of the National NU are ranked highest in terms of the structure of the organisation, each fatwa produced by the NU has equal status and cannot override others.52 This clearly reflects the tolerance of the NU to different fatwas and its willingness to strike a balance between the organisation and its membership.

More Definitions of Qualifying money market fund

Qualifying money market fund means a collective investment undertaking authorised under Directive 2009/65/EC, or which is subject to supervision and, if applicable, authorised by the competent authority under the Act, and which satisfies all of the following conditions:

Qualifying money market fund means an open-end fund or European fund, or another foreign collective investment undertaking that is subject to supervision or has been issued an operating authorisation under the law of a Member State, and which satisfies the following conditions:

Qualifying money market fund means an open-end mutual fund or European mutual fund, or another foreign collective investment undertaking, which is subject to supervision or has been issued an operating licence under the law of a Member State, and which satisfies the following conditions:

Qualifying money market fund means a collective investment undertaking authorised under the UCITS Directive, or which is subject to supervision and, if applicable, authorised by an authority under the law of the authorizing EEA State, and which satisfies all of the following conditions–

Qualifying money market fund means a collective investment undertaking authorised under the Law Regulating the Structure, Organisation and Operation of Open-Ended Undertakings for Collective Investment in Transferable Securities (UCITS) and Related Issues, or which is subject to supervision and, if applicable, authorised by an authority under the national law of a Member State, and which satisfies the following conditions:

Qualifying money market fund. , means a collective investment undertaking authorised under Directive 2009/65/EC, on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS), or which is subject to supervision and, if applicable, authorised by an authority under the national law of the authorising Member State, and which satisfies all of the following conditions: a) its primary investment objective must be to maintain the net asset value of the undertaking either constant at par (net of earnings), or at the value of the investors' initial capital plus earnings; b) it must, with a view to achieving that primary investment objective, invest exclusively in high quality money market instruments with a maturity or residual maturity of no more than 397 days, or regular yield adjustments consistent with such a maturity, and with a weighted average maturity of 60 days. It may also achieve this objective by investing on an ancillary basis in deposits with credit institutions; c) it must provide liquidity through same day or next day settlement. For the purposes of point (b), a money market instrument shall be considered to be of high quality if the management/ investment company performs its own documented assessment of the credit quality of money market instruments that allows it to consider a money market instrument as high quality. Where one or more credit rating agencies registered and supervised by ESMA have provided a rating of the instrument, the management/investment company's internal assessment should have regard to, inter alia, those credit ratings.

Qualifying money market fund means, subject to any additional requirements as provided by the Law, a collective investment undertaking authorised under Directive 2009/65/EC, or which is subject to supervision and, if applicable, authorised by an authority under the national law of the Member State of the EEA, and which satisfies all of the following conditions: (a) its primary investment objective must be to maintain the net asset value of the undertaking either constant at par (net of earnings), or at the value of the investors' initial capital plus earnings; (b) it must, with a view to achieving that primary investment objective, invest exclusively in high quality money market instruments with a maturity or residual maturity of no more than 397 days, or regular yield adjustments consistent with such a maturity, and with a weighted average maturity of 60 days - it may also achieve this objective by investing on an ancillary basis in deposits with credit institutions; (c) it must provide liquidity through same day or next day settlement.