2025-12-09

Added · Updated

PS26/17: Enhancing fund liquidity risk management

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.

Financial Conduct Authority logo

United Kingdom

Financial Conduct Authority

Click to view full text

More like this from FCA

FCA published 5 documents in the last 30 days. We email you each new one the day it's published.

Share