20th January 2022

Common Supervisory Action by ESMA on the valuation of UCITS and open-ended AIFs

On 20th January 2022, ESMA launched a Common Supervisory Action (CSA) on the valuation of UCITS and open-ended Alternative Investment Funds (AIFs) across the EU which aims to assess compliance with the relevant valuation-related provisions in the UCITS and AIFMD frameworks, in particular the valuation of less liquid assets. The CSA will assess valuation risk and focus on governance framework, valuation methodologies and processes of managers in normal and stressed market conditions. It will be conducted throughout 2022 and further information is accessible HERE.