Liquidity Management

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Long-Term Asset Fund (LTAF)

Click here to learn more about regulation and guidance in relation to the Long-Term Asset Fund (LTAF) and to download a model LTAF Instrument of Incorporation and a model LTAF Co-Ownership Deed for ACS

ESMA - Liquidity Management Tools for Funds - Guidelines & Technical Standards

ESMA are seeking input on draft guidelines and technical standards for liquidity management tools under the revised AIFMD and UCITS Directive.

FSB - Addressing Structural Vulnerabilities from Liquidity Mismatch in Open-Ended Funds

The FSB published its Revised Policy Recommendations to Address Structural Vulnerabilities from Liquidity Mismatch in Open-Ended Funds in December 2023. These recommendations supersede Section 2 of the FSB’s 2017 Policy Recommendations to Address Structural Vulnerabilities from Asset Management Activities.

IOSCO - Guidance for Open-Ended Fund use of Anti-Dilution Liquidity Management Tools

In December 2023 IOSCO published its Guidance on Anti-Dilution Liquidity Management Tools.

Portfolio Adviser Article: Property fund association lays out why open-ended struggles are overstated

Press Release: “ISA changes welcome – but much more work to do”

AREF comments on Chancellor's Autumn Statement

AREF statement - fund closures, the market & maximising the potential of UK real estate

Retail Funds Committee - Update

The Committee is supporting AREF in its lobbying on behalf of authorised property funds. Click for more info.

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Productive Finance

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Central Bank of Ireland - Macroprudential measures for property funds

In November 2022 the Central Bank of Ireland implemented macroprudential measures for property funds.

IOSCO - Liquidity Risk Management Recommendations

ISOCO have published the Final Report from their Thematic Review of their Liquidity Risk Management Recommendations. Click for more information.

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