Tuesday August 17 2021
News Source: Fund Regulation
Focus: Liquidity Risk Management
Type: General
Country: Germany
On 16th August 2021, BaFin published a circular regarding Article 23 of the delegated regulation (EU) 2015/61.
The circular comes into force on September 1, 2021. It specifies the supervisory procedure with regard to the application of Article 23 of DV 2015/61 and the corresponding provisions in DV 2021/451 (Implementing technical standards – ITS on Reporting ) for additional liquidity outflows in connection with other products and Services that do not fall under the categories of Articles 27 to 31a of the DV2015/61 fall.
The categories of products and services mentioned in Article 23 (1) a) to h) are specified in more detail and the liquidity outflows attributable to these products and services are specified.
Additionally, it states that reports are to be carried out at least once a year in accordance with Article 23 (2) DV 2015/61 on the products and services falling under Article 23 (1) for which the probability and potential scope of liquidity outflows are material.
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