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Category Archives: Fund Regulation

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LUXEMBOURG: Launch of the ESMA Common Supervisory Action on the supervision of costs and fees of UCITS

Fund RegulationBy Trevor DempsterMarch 5, 2021

On 6 January 2021, the European Securities and Markets Authority (ESMA) launched a Common Supervisory Action (CSA) with national competent authorities (NCAs) on the supervision of costs and fees of…

EUROPEAN UNION: ESMA Publishes the results of the Annual Transparency Calculations for Equity and Equity-Like Instruments

Fund RegulationBy Trevor DempsterMarch 3, 2021

On 1st March 2021, the European Securities and Markets Authority (ESMA) published the results of the annual transparency calculations for equity and equity-like instruments, which will apply from 1st April 2021. The…

EUROPEAN UNION: ESMA Proposes Rules for Taxonomy-Alignment of Non-Financial Undertakings and Asset Managers

Fund RegulationBy Trevor DempsterMarch 3, 2021

On 1st March 2021, the European Securities and Markets Authority (ESMA) published its Final Report on advice under Article 8 of the Taxonomy Regulation, which covers the information to be provided by non-financial…

HONG KONG: SFC Updates FAQs and Guides on Authorization of Unit Trusts and Mutual Funds

Fund RegulationBy Trevor DempsterMarch 3, 2021

On 1st March 2021, the European Securities and Markets Authority (ESMA) published its Final Report on advice under Article 8 of the Taxonomy Regulation, which covers the information to be provided by non-financial…

UNITED KINGDOM: MiFID II: product governance review

Fund RegulationBy Trevor DempsterMarch 1, 2021

On 26th February 2021, the Financial Conduct Authority (FCA) published its MiFID II product governance review and its key findings in 4 main areas: product design, product testing, distributors and governance…

EUROPE: ESMA Consults on Methodology to Calculate a Benchmark in Exceptional Circumstances

Fund RegulationBy Trevor DempsterFebruary 26, 2021

The European Securities and Markets Authority (ESMA), has launched a consultation on draft guidelines detailing the obligations applicable to administrators that use a methodology to calculate a benchmark in exceptional circumstances under…

EUROPE: ESA Supervisory Statement – Sustainable Finance Disclosure Regulation

Fund RegulationBy Trevor DempsterFebruary 26, 2021

The European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) have published a joint supervisory statement on the effective and consistent application and national supervision of the Regulation on sustainability-related…

CROATIA: Hanfa – Consultation on AIFMD

Fund RegulationBy Trevor DempsterFebruary 26, 2021

The Croatian Financial Services Supervisory Agency (Hanfa) has launched a public consultation on the Alternative Investment Funds Act. The purpose of the consultation is to establish if there are any…

SWEDEN: Updated Portfolio Reporting for Mutual Funds and Special Funds

Fund RegulationBy Trevor DempsterFebruary 26, 2021

On 26th February 2021, the FI (Finansinspektionen) updated the holding reporting for mutual funds and special funds (F815 and F816). This is a consequence of the amendments that came into…

EUROPE: ESMA Updates Q&AS, Templates and Technical Instructions for Securitisation Reporting

Fund RegulationBy Trevor DempsterFebruary 26, 2021

The European Securities and Markets Authority(ESMA) has published 4 new Q&As and modified 11 existing Q&As.  ESMA also updated reporting instructions and an XML schema for the templates set out in the technical standards…

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