highest possible credit ratingmeans, in relation to a money market fund, that it has the highest possible rating— (a) in respect of creditworthiness assigned by Standard and Poor's, a division of The McGraw-Hill Companies Ltd;
money market fundmeans a collective investment scheme which— (a) in accordance with the Council Directive of 20th December 1985 on the co-ordination of laws, regulations and administrative provisions relating to undertakings for collective investments in transferable securities as amended, is an undertaking for collective investment in transferable securities subject to that Directive;