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FMA is taking part in the ESMA Common Supervisory Action 2020 on UCITS Liquidity Risk Management

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On 30.01.2020 ESMA announced a Common Supervisory Action (CSA) to be conducted in 2020 in relation to liquidity risk management in UCITS management companies (see: A CSA is an EU-wide coordinated inspection by national competent authorities.

The CSA’s objective is to ensure compliance with legal regulations in UCITS liquidity risk management in the EU. In a first step, the national supervisory authorities in the Members States will collect information using standardised questionnaires from all UCITS management companies about liquidity risk management as well as reporting date-based information about the UCITS. Subsequently the national supervisory authorities will conduct detailed supervisory analysis in individual UCITS management companies.