The Presidency of the Council of the EU this week requested COREPER to agree to the Council’s negotiating mandate on the proposed Regulation on Money Market Funds (MMF Regulation). The Presidency calls on COREPER to: (i) agree on the Council’s general approach; and (ii) invite the Presidency to start negotiations with the European Parliament on the basis of this general approach with a view to reaching an agreement at first reading. COREPER has since agreed and the Presidency is due to start talks with the European Parliament in due course.