The International Organization of Securities Commissions (“IOSCO”) has published a consultation report which outlines principles against which both industry and regulators can assess the quality of regulation and industry practices concerning the suspensions of redemptions in collective investment schemes (“CIS”). The principles provide general standards by which a regulatory regime should approach and oversee suspension of redemptions. The principles are addressed to the entity/entities responsible for the overall operation of the CIS and in particular its compliance with the legal/regulatory framework in the respective jurisdiction and thus for the implementation of the principles. The principles are structured according to the time frame of a suspension, and are divided into six subsections: (i) management of liquidity risk; (ii) ex-ante disclosure to investors; (iii) criteria/reasons for the suspension; (iv) decision to suspend; (v) during the suspension; and (vi) examples of alternative measures to deal with illiquidity in certain jurisdictions.