Talks continue on the proposed regulation aiming to institute a European framework for money market funds. During the third round of inter-institutional negotiations on Tuesday 4 October, the Slovak Presidency of the Council of the EU asked the European Parliament to explain the logic underlying its infamous 'sunset clause'.
The Parliament's negotiating position provides for the creation of three new types of constant net asset value funds, or 'CNAVs': 'public debt CNAVs', which would...