This new system aims to modernise administrative procedures, enhance efficiency while ensuring robust investor protection standards. The CSSF also seizes this opportunity to introduce a list of amendments to the prospectus,...more
The ELTIF-RTS, the final piece of the puzzle for the ELTIF framework, have been published in the Official Journal on October 25, 2024 and entered into force on October 26, 2024.
This marks the end of a long and complex...more
11/8/2024
/ Asset Management ,
Banking Sector ,
ELTIF ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Institutions ,
Financial Regulatory Reform ,
Investment Funds ,
Investment Management ,
New Rules ,
Regulatory Agenda ,
Regulatory Reform ,
Regulatory Requirements
On 14 May 2024, ESMA published its final guidelines on funds’ names using ESG or sustainability-related terms (the Guidelines).
As a result, the use of certain environmental, social and governance (ESG) or...more
7/15/2024
/ Alternative Investment Fund Managers Directive (AIFMD) ,
Asset Management ,
Closed-End Funds ,
Environmental Social & Governance (ESG) ,
EU ,
European Securities and Markets Authority (ESMA) ,
Fund Managers ,
Investment ,
Investment Funds ,
Investment Management ,
Investors ,
New Guidance ,
Regulatory Reform ,
Regulatory Requirements ,
UCITS ,
UK
The text of the Directive amending the Alternative Investment Fund Managers Directive (AIFMD) (AIFMD II) was published on 26 March 2024 and will enter into force on 15 April 2024.
AIFMD II introduces, among other changes,...more
The ELTIF regime was revised earlier this year to address the low uptake of the product in the market. The amended ELTIF regulation will enter into force on 10 January 2024 but many asset managers were awaiting the regulatory...more
12/28/2023
/ Asset Management ,
ELTIF ,
EU ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
Final Drafts ,
Financial Regulatory Reform ,
Investment ,
Investment Funds ,
Investors ,
Regulatory Agenda
On 28 July 2023, the law of 21 July 2023, which modernises the laws governing UCITS, Part II UCIs, SIFs, SICARs, RAIFs and Luxembourg asset managers, enters into force (the Law).
...more
In its Report, ESMA stressed the lack of harmonisation between member states of the European Union with respect to performance fee structures, as well as the circumstances under which performance fees may be paid by...more