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Money Market Funds: ANC Confirms Presumption of Cash Equivalents Classification

The French Accounting Standards Authority (ANC) has confirmed that money market funds (MMFs) using liquidity management tools such as swing pricing can still be presumed eligible for classification as cash equivalents under accounting standards. This presumption remains rebuttable, particularly during market stress. The AMF will update its MMF guide accordingly.

30 Jul 2026FR_AMF