The liquidity management of investment funds is elevated to a new level under AIFMD II (Alternative Investment Fund Managers Directive II). This is intended to strengthen the resilience of investment funds under stress situations and to increase investor protection. Assets managers are obliged to select and calibrate additional liquidity management tools (LMTs), and if required to activate them. The FMA places particular value on transparent communication, clear activation criteria and comprehensive documentation.
A new information series for supervised entities
Let’s talk about supervision – is the FMA’s new regular information series for supervised entities. This format is intended for covering new areas of supervision as well as thematic areas where a need for explanation has been detected in the market. Relevant thematically-specific information is intended to be communicated in a quick and easy to understand manner, to create greater clarity as well as contributing towards ensuring that supervisory standards are observed. All editions published to date may be found here (in German only).