Category Archives: Fund Regulation

LUXEMBOURG: CSSF Publishes Simplification of the Submission Process for a New Sub-Fund Via a New Questionnaire

On 23rd February 2021, the Commission de Surveillance du Secteur Financier (CSSF) announced that  the request for approval of a new sub-fund under an existing fund structure must be transmitted via…

IRELAND: Central Bank Updates Q&A on the Payment of Distributions and Variable Remuneration by Investment Firms & Market Operators

On 19th February 2021, the Central Bank of Ireland updated the question and answer addressed to the investment firm sector on the payment of distributions and variable remuneration. This Q&A is also addressed…

EUROPE: ESMA Working Paper on MiFID II Research Unbundling

The European Securities and Markets Authority (ESMA) has updated its working paper on MiFID II research unbundling. Main Findings Presented in the Working Paper: Concerns have been raised that the MiFID…

LUXEMBOURG: CSSF Revises Notification Form for NAV Calculation Errors and Non-Compliances with the Investment Rules

On the 18th February 2021, the CSSF revised the mandatory notification form 02/77 for the submission to the CSSF of notifications on NAV calculation errors and non-compliances with the investment rules.…

IRELAND: CBI Publishes Securities Markets Risk Outlook Report

The Central Bank of Ireland (CBI) has published the Securities Markets Risk Outlook Report. The aim of the report is to inform regulated financial service providers, investors and market participants…

EUROPE: Solvency II Implementing Regulation

The European Commission has published the Implementing Regulation 2021/178 that lays down technical information for the calculation of technical provisions and basic own funds. This technical information is relevant for…

INTERNATIONAL: AIC to Launch Three New Sectors

The Association of Investment Companies (AIC) is to create three new investment company sectors following a sector review. The new sectors, China / Greater China, India and Property – UK Logistics will be launched in March. In…

EUROPE: MiFID – Protect Investors and Cut Red Tape for Firms

The Plenary has published the final vote on provisions that help EU companies to access a diverse range of funding and support the post-COVID-19 recovery. Targeted adjustments to the Markets in…

EUROPE: EBA Launches Public Consultation on the Draft Technical Standards On Supervisory Disclosure under the Investment Firms Directive

The European Banking Authority (EBA) has launched a public consultation on its draft Implementing Technical Standards (ITS) on the information concerning the new prudential requirements that competent authorities will be…

EUROPE: EMT V3.1 Endorsed by the FinDatEx Steering Group

EMT V3.1 has been endorsed by the FinDatEx Steering Group. This is an interim version of the EMT to facilitate compliance with SFDR Level 1 requirements as of 10 March…