On 30 January 2020, the European Securities and Markets Authority (ESMA) has launched, in accordance with the announcement hereafter, a Common Supervisory Action (CSA) with national competent authorities (NCAs) on the supervision of UCITS’ managers liquidity risk management across the European Union: link
The UCITS framework includes a broad range of regulatory provisions aimed at ensuring that all relevant risks, including liquidity risks, are identified, measured, monitored and effectively managed in order to ensure that UCITS investors can redeem their investments at request. Compliance with the UCITS liquidity risk management...
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