The International Organization of Securities Commissions (IOSCO) has published a consultation on recommendations for liquidity risk management for collective investment schemes (CIS), including:

  • revisions to the existing recommendations relating to disclosure to investors, alignment between asset portfolio and redemptions terms, availability and effectiveness of liquidity risk management tools, and fund level stress testing;
  • additional recommendations on contingency planning; and
  • issues relating to exchange traded funds (ETFs).  

IOSCO is also consulting on good practices for open-ended fund liquidity and risk management. This report covers practices aimed at ensuring consistency between the liquidity of a fund's assets and its liabilities, liquidity risk management tools and fund-level stress testing.

The deadline for responses to both consultations is 18 September 2017.

Read the IOSCO consultation on CIS liquidity risk management

Read IOSCO’s Good Practices Consultation Report