OPCI and evergreen FCPR: liquidity buffers
AMF publishes instruction DOC-2026-05 for relevant non-ELTIF funds.
Key takeaways
It addresses permanent liquid-asset buffers and stress tests for relevant submissions.
Impacts & actions
Liravo editorial analysis · assess against your authorisation and activities.
- Publication type
- Instruction and AMF release
- Timing to note
- Funds established before 13 October 2026: two-year transition and AMF notification.
Relevant institutions
Managers of OPCI and evergreen FCPR funds without ELTIF authorisation.
Impact to assess
Review calibration, simulations and fund documents.
Actions to consider
- Identify funds in scope.
- Review buffers, stress tests and documentation.