ESMA assesses the compliance with UCITS liquidity rules and highlights areas for vigilance
UCITS
Date:
01 April 2021
On 24 March 2021, the European Securities and Markets Authority (ESMA) published the
results of the 2020 Common Supervisory Action (CSA) on UCITS liquidity risk management (LRM). The CSA showed that the overall level of compliance with the applicable rules is satisfactory in most cases, but there is scope for improvement in liquidity management for some UCITS analysed. The exercise also highlighted areas where ESMA will work to further promote convergence across National Competent Authorities (NCAs).