Regulation on the cross-border distribution of CIS: ESMA guidelines for marketing communications The European Securities and Markets Authority (ESMA) has published the official translations (select the "i" for languages other...more
ESG and sustainable investment funds: FCA guiding principles On 19 July 2021, the Financial Conduct Authority (FCA) published a Dear Chair letter addressed to the chairs of authorised fund managers (AFMs) on improving the...more
AFMs assessment of funds' value: FCA multi-firm review findings The Financial Conduct Authority (FCA) has published its findings following a review of the processes used by different authorised fund managers (AFMs) when they...more
AIFMD: ESMA guidelines addressing leverage risks The European Securities and Markets Authority (ESMA) has published a webpage with the official translations, including the English language version, of its guidelines to...more
Regulation on cross-border distribution of investment funds: Commission Implementing Regulation laying down ITS Commission Implementing Regulation (EU) 2021/955Â laying down implementing technical standards (ITS) produced...more
UCITS funds: HM Treasury announces extension of PRIIPs exemption -
HM Treasury has announced that the current exemption for Undertakings for the Collective Investment in Transferable Securities (UCITS) funds from the...more
EU cross-border distribution of funds: ESMA guidelines on marketing communications -
Following its consultation in November 2020, the European Securities and Markets Authority (ESMA) has published a final report on...more
6/1/2021
/ Alternative Investment Funds ,
Asset Management ,
Collective Investment Schemes ,
ELTIF ,
EU ,
European Securities and Markets Authority (ESMA) ,
EuSEF ,
EuVECA ,
Investment Funds ,
Regulatory Agenda ,
UCITS ,
UK
Financial Services and Markets Act 2000 (Collective Investment Schemes) (Amendment) Order 2021 -
The Financial Services and Markets Act 2000 (Collective Investment Schemes) (Amendment) Order 2021 (SI 2021/566) has been...more
FCA approach to handling of Connaught complaints about FSA/FCA -Following the report of Raj Parker's "Independent Review into the FSA and FCA's handling of the Connaught Income Fund Series 2 and connected companies", the...more
Liquidity management in UK open-ended funds: BoE and FCA report -
The Bank of England (BoE) and the Financial Conduct Authority (FCA) have published a report on liquidity management in UK open-ended funds. The report...more
Selected regulatory updates of interest to the funds and asset management sector. This edition reports on UCITS liquidity risk management and the EU MMF Regulation. ...more
3/30/2021
/ Asset Management ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Markets ,
Investment Funds ,
Liquidity Risk Management Rule ,
Money Market Funds ,
National Competent Authorities (NCA) ,
Regulatory Agenda ,
UCITS ,
UK
Collective investment schemes: IOSCO workstreams on liquidity risk management The International Organization of Securities Commissions (IOSCO) has launched a thematic review on the implementation in member regulatory...more
EU ELTIF Regulation review: ESMA letter highlights areas for review - The European Securities and Markets Authority (ESMA) has published a letter it has sent to the European Commission highlighting the areas where it...more
HM Treasury call for input on review of UK funds regime - HM Treasury has published a call for input on its review of the UK funds regime, covering tax, relevant areas of regulation and opportunities for reform....more
TMPR: FCA update on adding new sub-fund to umbrella scheme - The UK Financial Conduct Authority (FCA) has updated its webpage on adding a new sub-fund to an umbrella scheme in the temporary marketing permissions regime (TMPR)...more
Selected regulatory updates of interest to the funds and asset management sector. This update reports on ESMA's final report on guidelines addressing leverage risks under the AIFMD.
...more
TMPR: FCA webpage on adding new sub-fund to umbrella scheme -
The UK Financial Conduct Authority (FCA) has published a new webpage on adding a new sub-fund to an umbrella scheme that will be in the temporary marketing...more
Bearer Certificates (Collective Investment Schemes) Regulations 2020 -
The Bearer Certificates (Collective Investment Schemes) Regulations 2020 (SI 2020/1346) have been published, together with an explanatory memorandum....more
FSCS levy calculations: FCA clarifies process for reporting income -
The FCA has published a new webpage for investment managers, clarifying the options for reporting income for Financial Services Compensation Scheme...more
Performance fees in UCITS and certain types of AIFs: ESMA guidelines -
The European Securities and Markets Authority (ESMA) has published the official translations for guidelines on performance fees in UCITS and certain...more
COVID-19: EFAMA updates cyber-prevention standards for investment management companies -
The European Fund and Asset Management Association (EFAMA) has published a document updating the International Investment Funds...more
ESMA guidelines on liquidity stress testing in UCITS and AIFs: FCA comment -
Among other things covered in its latest Regulation round-up, the UK Financial Conduct Authority (FCA) comments on the European Securities and...more
Climate-related disclosures for asset managers and FCA-regulated pension schemes: FCA correspondence -
Correspondence about climate-related disclosure requirements for asset managers and UK Financial Conduct Authority...more
Draft Bearer Certificates (Collective Investment Schemes) Regulations 2020 -
A draft version of the Bearer Certificates (Collective Investment Schemes) Regulations 2020 have been published, together with an explanatory...more
Culture, purpose and governance in asset management sector: FCA speech -
The FCA has published a speech by Marc Teasdale, Director of Wholesale Supervision, on the drivers of culture and the role of purpose and governance...more