Central Bank publishes the twenty-ninth edition of the Central Bank UCITS Q&A
UCITS
Date:
13 July 2020
On the 13 July 2020, the Central Bank issued the 29th edition of the Central Bank UCITS Q&A, which includes new Q&A IDs 1095, 1096 and 1097 in relation to liquidity stress testing in UCITS.
The Q&As clarify the Central Bank’s expectations in relation to liquidity stress testing (LST) in UCITS, particularly in relation to the application of the ESMA ‘Guidelines on liquidity stress testing in UCITS and AIFs’. The Q&As set out that the LST policy may be documented within the UCITS Risk Management Policy, that LST should generally be carried out at least quarterly and that LST should be employed at all stages in a UCITS lifecycle, including at the design phase.
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UCITS