FCA: CP25/38: Enhancing fund liquidity risk management
FCA has published proposals intended to ensure that authorised fund managers have the right tools to manage their funds’ liquidity and use them effectively. At a high level, the proposed new rules and guidance in the CP are targeted at AFMs of UCITS schemes and non-UCITS retail schemes. FCA also proposes to create two new guidance annexes in COLL which will incorporate key aspects of IOSCO’s revised recommendations for liquidity risk management for collective investment schemes published in May 2025 and the expectations FCA has communicated to date on liquidity risk management. Responses are required by 24 February 2026.
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Last updated · 13 Mar 2026
Regulatory News - Banking & Finance
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