2025-12-09
Added · Updated
The Financial Conduct Authority amends liquidity risk management rules for authorised fund managers of UK UCITS schemes and NURS, requiring them to have anti-dilution tools available and to maintain policies governing their use. The regulator reduces the derogation period for the eligible market test for recently issued securities from one year to 20 business days and introduces new guidance on liquidity stress testing. These final rules and guidance come into force on 1 February 2027, with transitional provisions extending until 1 August 2027 for certain prospectus and compliance changes.
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