UCITS and AIFs Liquidity: Stress testing and management
On 2 September 2019, ESMA issued its final guidelines on liquidity stress testing in UCITS and AIFs.
The guidelines become effective on 30 September 2020. They apply to UCITS Management Companies, SMICs, AIFMs and internally managed AIFs (Fund Management Companies or FMCs). It is safe to say that liquidity for investment funds is a current priority on the regulatory agenda in Ireland and the rest of Europe, even though the effective date of the ESMA liquidity guidelines is 12 months from now.
For more information in relation to this topic please contact your usual contact on the A&L Goodbody Asset Management & Investment Funds team.
Date published: 26 September 2019