Canada Guidance on Effective Liquidity Risk Management for Investment Funds
The Canadian Securities Administrators (CSA) has published guidance to help investment fund managers (IFMs) develop and maintain effective liquidity risk management (LRM) frameworks for investment funds. Under the Canadian securities regulatory regime, both NI 81-102 and NI 31-103 contain provisions which are relevant to LRM and the roles and responsibilities of IFMs in managing liquidity…