ESMA has published a peer review report examining whether EU securities supervisors correctly apply ESMA’s guidelines on money market funds (MMF's). The review compared supervisory and enforcement practices for MMFs of 30 supervisory authorities across the European Economic Area (EEA). ESMA reviewed those 20 jurisdictions that had transposed the guidelines into their national rules and this peer review identifies a number of possible good practices in relation to issues such as internal organisation and supervisory tools, supervisory requirements on MMFs and off-site and on-site inspection cycles.

The Peer Review is available on ESMA's website.