The International Organization of Securities Commissions has published two final reports:
- Recommendations for liquidity risk management (“LRM”) for Collective Investment Schemes (“CIS”); and
- Open-ended Fund Liquidity and Risk Management – Good Practices and Issues for Consideration.
These contain recommendations that:
- seek to improve LRM practices of open-ended CIS as part of its mission to protect investors, ensure fair and efficient financial markets and reduce systemic risk; and
- provide practical information, examples and good practices regarding open-ended fund LRM to supplement its recommendations.
Please click below for a summary of the key findings of each report.