The Central Bank publishes a notice of intention in relation to the application of the ESMA Guidelines on liquidity stress testing in UCITS and AIFs

On 13 July 2020, the Central Bank published a notice of intention in relation to the ESMA Final Report on ‘Guidelines on liquidity stress testing in UCITS and AIFs’. The notice sets out that the Central Bank will consult on the incorporation of a requirement in the Central Bank UCITS Regulations and AIF Rulebook that UCITS Management Companies, AIFMs and depositaries adhere to the Guidelines.  In the interim, the Central Bank expects full compliance with the Guidelines from 30 September 2020.

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