The IA, in association with AREF, is holding a virtual member meeting with the FCA to discuss the FCA's consultation paper (CP25/38) on fund liquidity risk management in relation to UK UCITS and NURS,.
The proposals seek to implement IOSCO’s 2025 revised recommendations for liquidity risk management for collective investment schemes. The FCA considers that the current liquidity risk management framework, set out in the FCA Handbook, is robust and therefore they do not propose any fundamental changes. However, they recognise that some refinements can be made and have identified specific areas where rules can be enhanced or additional guidance provided. The proposals also aim to promote the effective use of anti-dilution tools, such as swing pricing by AFMs and ensure that they have robust liquidity management processes.
The FCA will be consulting separately in 2026 on the liquidity risk management for AIFs. That consultation will include revised proposals to address the liquidity mismatch in some authorised AIFs invested in inherently illiquid assets, such as authorised property funds.
This meeting will give members an opportunity to provide direct feedback to the FCA on their proposals in the areas of anti-dilution and liquidity risk management for UCITS and NURS and to discuss and feed into the IA and AREF's responses to the consultation.
Date:
Thursday 29 January
Time:
10:00-11:30am
Webinar details:
TBC. Details will be emailed to delegates before the event.
Cost:
This webinar is FREE and open to all staff from AREF Fund, Affiliate, Associate and Investor member firms. (view our list of members here)
To book:
AREF members can register by clicking here or the blue button below. Alternatively, you can contact us by emailing [email protected].