The Irish Funds Brexit Steering Group issued a non-exhaustive list as a guide for identifying some of the main issues which may arise during Brexit planning, noting that it is imperative that funds industry companies plan for a no-deal Brexit and put in place measures to identify and counteract risks to the extent possible.
ESMA guidelines on liquidity stress testing in UCITS and AIFs.
On 2 September 2019, ESMA issued its final guidelines on liquidity stress testing in UCITS and AIFs. The guidelines become effective on 30 September 2020.
China's foreign exchange regulator announced the abolition of restrictions on the investment quotas of QFII and RQFII schemes
China's foreign exchange regulator, the State Administration of Foreign Exchange (SAFE) announced the abolition of investment quotas for foreign institutional investors schemes (namely Qualified Foreign Institutional Investor (QFII) and Renminbi Qualified Foreign Institutional Investor (RQFII) schemes).
For more information on this topic please contact any member of A&L Goodbody's Financial Regulation team.