ESMA’s New Liquidity Stress Testing Rules for EU Investment Funds
From the 30th September 2020, new ESMA guidelines on liquidity stress testing (‘LST’) for EU domiciled UCITS and AIFs funds (excluding unleveraged closed-ended AIFs) come into effect. The guidelines are intended to increase the standard and consistency of liquidity stress testing by management companies and to promote convergence in the way in which national competent authorities […]
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