News & Analysis as of August 31, 2025

Financial Services Industry

+ Follow

The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -

ESMA Proposes Significant Reforms to UCITS Eligible Assets Rules

Ropes & Gray LLP on 7/18/2025

ESMA has recently recommended notable amendments to the UCITS Eligible Assets Directive, which sets the standards for permissible investments by UCITS funds across Europe. These reforms could redefine permissible investment...more

ESMA publishes final report on 2023–2024 CSA on integration of sustainability risks and disclosures

A&O Shearman on 7/11/2025

The European Securities and Markets Authority (ESMA) has published its final report on the 2023-2024 common supervisory action (CSA) carried out with national competent authorities (NCAs)on the integration of sustainability...more

CSSF introduces new system to replace current VISA stamp procedure

A&O Shearman on 3/11/2025

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

Regulatory monitoring: EU version Newsletter - December 2024

A&O Shearman on 1/6/2025

1. Bank regulation - 1.1 PRUDENTIAL REGULATION - a) General - (i) International - FSB: Plenary December 2024 - Status: Final - The FSB has set out the outcomes of its Plenary that met on 3 and 4 December. Points of...more

Global Legal Insights FinTech 2024: Ireland chapter

Walkers on 9/27/2024

The Irish government has been supportive of the development of the financial services sector in Ireland and this extends to fintech. The government’s strategy for the development of Ireland’s international financial services...more

Liquidity Management, Loan Origination and Credit Funds under AIFMD II

Cadwalader, Wickersham & Taft LLP on 3/14/2024

I. Background and Scope - On 7 February 2024, the European Union adopted a final text amending the AIFMD and UCITS directives (AIFMD II). This memo considers what are entirely novel requirements attaching to liquidity...more

What DORA Means for Fund Managers

Goodwin on 1/29/2024

Q: What is DORA? “DORA” stands for the Digital Operational Resilience Act, an EU regulation that creates a new framework for the EU financial sector with regard to information and communications technology (ICT)....more

Global Legal Insights Fintech 2023: Ireland

Walkers on 9/22/2023

Partners Niall Esler and Shane Martin, along with senior associate Conor Daly and trainee solicitor Coleen Wegmann, have authored the Ireland chapter for Global Legal Insights Fintech 2023. They provide an up-to-date summary...more

Political Agreement Reached on Proposed Directive Amending Both AIFM and UCITS Directives

Cadwalader, Wickersham & Taft LLP on 8/3/2023

On 20 July 2023, the Council of the EU announced that it has reached political agreement with the European Parliament on the proposed Directive amending the Alternative Investment Fund Managers Directive (2011/61/EU) and the...more

Regulation Round Up - June 2023

Proskauer Rose LLP on 7/5/2023

MiFIR / MiFID II: The European Parliament published a press release announcing it has reached provisional political agreement with the Council of the EU on the proposed amendments to the Markets in Financial Instruments...more

FCA Contemplates Revising Asset Management Regulatory Framework

Akin Gump Strauss Hauer & Feld LLP on 2/27/2023

The UK Financial Conduct Authority (FCA) is seeking industry feedback in a discussion paper (DP)1 on potential regulatory reform of the asset management sector. If enacted, the UK Government’s Future Regulatory Framework...more

Überarbeitung der AIFM- und UCITS-Richtlinie: Aktueller Stand und Ausblick

McDermott Will & Schulte on 2/7/2023

EU-Kommission, Parlament und Rat treten in die entscheidende Phase ihrer Beratungen über eine Neufassung der AIFM- und der UCITS-Richtlinie ein. Änderungen sind insbesondere bei den Themen Auslagerung, Darlehensfonds und...more

ESMA Publishes Final Cross-Border Marketing Technical Standards

Cadwalader, Wickersham & Taft LLP on 1/11/2023

On 21 December 2022, ESMA published a final report in relation to draft technical standards for cross-border fund management activities and the cross-border marketing of investment funds within the EEA under the UCITS and...more

Brussels Regulatory Brief: May-June 2022

K&L Gates LLP on 7/20/2022

ANTITRUST AND COMPETITION - The European Commission Reviews Its Informal Guidance Notice - On 24 May 2022, the European Commission (Commission) launched a public consultation to gather feedback from interested parties on the...more

Regulation Round Up - May 2022

Proskauer Rose LLP on 6/13/2022

Welcome to the Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation. Key developments in May 2022: 31 May - Key developments in May 2022: The European...more

Updates on Italy’s implementation of EU rules on cross-border distribution of UCIs

Hogan Lovells on 5/17/2022

Italian secondary legislation about to be adapted to EU standards - On 15 July 2021, the Italian Council of Ministers approved, in preliminary examination, a legislative decree introducing rules to adapt national legislation...more

Regulation Round Up - January 2022

Proskauer Rose LLP on 2/3/2022

Welcome to the Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation. ...more

Key Regulatory Topics: Weekly Update 23 Dec - 7 Jan 2020

A&O Shearman on 1/21/2021

FCA and PRA on passporting in and out of Gibraltar after the transition period - On 31 December, the FCA published a new webpage on Gibraltar passporting arrangements, with the PRA publishing its respective webpage on 4...more

The End of the Brexit Transition Period: Compliance Requirements for UK Investment Managers and Advisers

Akin Gump Strauss Hauer & Feld LLP on 1/6/2021

On 24 December 2020, the government of the United Kingdom (UK) and the European Union (EU) reached a Trade and Cooperation Agreement (the “Agreement”) in advance of the end of the Brexit transition period (11:00 p.m. GMT on...more

Sustainable Finance In Luxembourg — What Managers Should Do Now

Goodwin on 12/18/2020

Regulation (EU) 2019/2088 of 27 November, 2019 on sustainability-related disclosures in the financial services sector, as amended by Regulation (EU) of 18 June, 2020 on the establishment of a framework to facilitate...more

HM Treasury Policy Statement Addresses Pressing Concerns With PRIIPs Regulation

Latham & Watkins LLP on 8/7/2020

The UK government has proposed amendments to the UK PRIIPs regime with performance information in the KID to differ from the EU “performance scenario” requirement. On 30 July 2020, HM Treasury published a policy statement...more

Financial institutions general regulatory news, June 2020 #2

Hogan Lovells on 6/17/2020

Recent regulatory developments of interest to all financial institutions. Includes updates on COVID-19, FCA guidance on assessing adequate financial resources, and European Commission draft legislation incorporating...more

2019 Year in Review: Securitization Litigation and Regulation

Cadwalader, Wickersham & Taft LLP on 1/30/2020

There were significant developments in 2019 as courts continued to issue important decisions in this space and significant legislation impacting the residential mortgage-backed securities (“RMBS”) market came into effect. A...more

Investment Firms: A new prudential framework

BCLP on 12/2/2019

What is it? The EU has finalised and issued a new framework for the prudential regulation of investment firms. It will set new classification for investment firms that will in turn determine which of the new capital...more

UK’s Consolidated Post-Brexit EU Legislation—Update

A&O Shearman on 3/1/2019

UK Post-Brexit EU Financial Services Legislation - Shearman & Sterling today announces its publication in its Brexit Resource Center website of the U.K. post-Brexit versions of several key pieces of EU legislation and...more

32 Results

View per page

Page: of 2

European Union › European Undertakings for Collective Investment in Transferable Securities › Financial Services Industry

"My best business intelligence, in one easy email…"