Article 46 | Delegated Regulation 231/2013

Updated 18/09/2024

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In force

Version from: 12/02/2024

Amendments

Article 46 - Liquidity management system and procedures

Article 46

Liquidity management system and procedures

AIFMs shall be able to demonstrate to the competent authorities of their home Member State that an appropriate liquidity management system and effective procedures referred to in Article 16(1) of Directive 2011/61/EU are in place taking into account the investment strategy, the liquidity profile and the redemption policy of each AIF.

Recitals

CHAPTER I - DEFINITIONS (Article 1)

CHAPTER II - GENERAL PROVISIONS (Article 2-15)

CHAPTER III - OPERATING CONDITIONS FOR AIFMs (Article 16-82)

SECTION 1 - General principles (Article 16-29)

SECTION 2 - Conflicts of interest (Article 30-37)

SECTION 3 - Risk management (Article 38-45)

SECTION 4 - Liquidity management (Article 46-49)Article 46 - Liquidity management system and procedures Q&A Article 47 - Monitoring and managing liquidity risk GL Article 48 - Liquidity management limits and stress tests GL Article 49 - Alignment of investment strategy, liquidity profile and redemption policy

SECTION 5 - Investment in securitisation positions (Article 50-56)

SECTION 6 - Organisational requirements — general principles (Article 57-66)

SECTION 7 - Valuation (Article 67-74)

SECTION 8 - Delegation of AIFM functions (Article 75-82)

CHAPTER IV - DEPOSITARY (Article 83-102)

CHAPTER V - TRANSPARENCY REQUIREMENTS, LEVERAGE, RULES RELATING TO THIRD COUNTRIES AND EXCHANGE OF INFORMATION ON THE POTENTIAL CONSEQUENCES OF AIFM ACTIVITY (Article 103-116)

CHAPTER VI - FINAL PROVISIONS (Article 117)

ANNEX I Q&A ANNEX II Q&A ANNEX III ANNEX IV Q&A

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Article 46 - Liquidity management system and procedures

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