Retail Funds Resource Library

The FCA is planning to implement a new product information regime for Consumer Composite Investments. In April 2025 they published a second consultation on some remaining issues to support the regime.

ESMA has published its final reports on draft regulatory technical standards and guidelines for liquidity management tools under the revised AIFMD and UCITS Directive.

View a summary on the policy work being undertaken by regulators and governments on funds' liquidity management.

AREF has responded to IOSCO's consultation on Revised Recommendations for Liquidity Risk Management for Collective Investment Schemes.

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.

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

AREF comments on Chancellor's Autumn Statement

View the update on this topic.

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

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