This new instruction mandates the establishment of a permanent cushion of liquid assets within these funds. It also details the calibration methods for this cushion.
The AMF also requires the submission of crisis simulations as part of the initial authorization application. These simulations must demonstrate the fund's ability to meet redemption requests for its units or shares, covering specific hypotheses outlined in the document.
Referenced regulatory texts include articles 422-21, 422-128, and 422-120-1 of the AMF General Regulation.
