Central Bank publishes the thirty-fourth edition of the Central Bank AIFMD Q&A

AIFMD

Date: 13 July 2020

On the 13 July 2020, the Central Bank issued the 34th edition of the Central Bank AIFMD Q&A, which includes new Q&A IDs 1131 and 1132 in relation to liquidity stress testing in AIFs.

The Q&As clarify the Central Bank’s expectations in relation to liquidity stress testing (LST) in AIFs, particularly in relation to the application of the ESMA ‘Guidelines on liquidity stress testing in UCITS and AIFs’. The Q&As set out that the Central Bank considers that LST should generally be performed at least quarterly and that LST should be employed at all stages in an AIF’s lifecycle, including at the design phase.

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AIFMD