Category Archives: Fund Regulation

ITALY: CONSOB Publishes Updated Operating Instruction on Accessing PRIIPs KIDs and Related Information

CONSOB has published an updated document providing guidance on fulfilling the obligations referred to in Resolution no. 21639 of 15 December 2020 on access to KIDs by Consob and Resolution…

EUROPE: EBA Consultation to Enhance Proportionality in Liquidity Reporting

The European Banking Authority (EBA) has published a consultation on its draft implementing technical standards on supervisory reporting with respect to additional liquidity monitoring metrics. Responses are required by 28 July 2021.…

UNITED KINGDOM: Changes to UK MIFID’s Conduct and Organisational Requirements

On 28th April 2021, the Financial Conduct Authority (FCA) published consultation paper (CP21/9) on changes to UK MIFID’s conduct and organisational requirements. The FCA is seeking feedback on proposals to change…

EUROPE: EC Publishes Final Climate Change Taxonomy Delegated Act

The European Commission has published its final version of the delegated act containing the technical screening criteria for climate change adaptation and mitigation under the Taxonomy Regulation. This forms part…

EUROPE: ESMA Publishes Final Report on SME Growth Markets

The European Securities and Markets Authority (ESMA) has published its Final Report on the functioning of the regime for SME Growth Markets (GM) under MiFID/MiFIR. It contains recommendations and possible amendments to…

FINLAND: Room for Improvement Remains in UCITS Liquidity Management

The Financial Supervisory Authority (FIN-FSA) believes there is still room for improvement in procedures related to UCITS liquidity management. Management companies are responsible for ensuring an adequate level of liquidity…

EUROPE: ESMA report highlights liquidity concerns for Alternative Investment Funds

The European Securities and Markets Authority (ESMA) has published its third annual statistical report on the Alternative Investment Fund (AIF) sector. The report has found that the sector increased by 15% in…

INDIA: SEBI Amends AIFs Regulatory Reporting

On 08th April 2021, the Securities and Exchange Board of India (SEBI) amended the reporting requirements for alternative investment funds in order to provide ease of compliance for such entities. Alternative…

EUROPE: ESMA Updates SFTR Q&As

The European Securities and Markets Authority (ESMA) has updated its Questions and Answers related to reporting under the Securities Financing Transactions Regulation (SFTR).The updated set of Q&A complements ESMA’s guidance…

EUROPE: ESMA Updates its Q&As on MiFID II and MiFIR Transparency Topics

The European Securities and Markets Authority (ESMA) has updated its Questions and Answers regarding market structures issues under the Market in Financial Instruments Directive (MiFID II) and Regulation (MiFIR). ESMA has introduced…