Do I have to give consent for TZEU to invest my money in a QMMF?

Yes. During the online registration process, you must give explicit consent. Without this consent, we cannot open your account.
By providing explicit consent, you give TZEU a standing order to A.) Invest all money you transfer to your account (or that we receive on your behalf, such as from sales transactions or dividends) into a QMMF in the applicable currency., and B.) Sell QMMF units as needed to meet your payment obligations to TZEU or to process a withdrawal upon your instruction.
This process happens automatically and ensures your funds remain available while complying with legal requirements.