ESMA launches a Common Supervisory Action with NCAs on UCITS liquidity risk management
        
    
            
                UCITS
            
    
    
            
            
    
        
            Date:
            
                26 February 2020
            
        
            On 30 January 2020, the European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, launched a Common Supervisory Action (CSA) with national competent authorities (NCAs) on the supervision of UCITS’ managers liquidity risk management across the European Union (EU).  The CSA will be conducted during 2020.