Category Archives: Fund Regulation

EUROPE: Compliance Table – Guidelines on Liquidity Stress Testing in UCITS and AIFs

On 10th February 2021, the European Securities and Markets Authority (ESMA) has published the Guidelines compliance table on performance fees in UCITS and certain types of AIFs (ESMA34-39- 992). The majority of…

AUSTRALIA: Enforcement Action for Climate Risk Disclosure Failures

A speech has been made by Cathie Armour (ASIC Commissioner), regarding sustainable finance climate risks, disclosing and managing climate-related risk is a key director responsibility. The Australia Securities Investment Commission…

UNITED KINGDOM: Implementation of the Investment Firms Prudential Regime – Consultation

HM Treasury (HMT) has launched a consultation seeking views on the proposed exercise of the delegated powers provided to HMT by the Financial Services Bill to ensure the effective implementation…

UNITED STATES: SEC Requests Comment on Potential Money Market Fund Reform Options Highlighted in President’s Working Group Report

On 4th February 2021, the Securities and Exchange Commission published a request for public comment on potential reform measures to improve the resilience of money market funds as highlighted in a…

EUROPE: EIOPA’s Board of Supervisors Agrees on Changes to the PRIIPs Key Information Document

On 3rd February 2021, the European Supervisory Authorities – ESAs (the European Banking Authority, the European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority) submitted to…

EUROPE: ESAs Publish Final Report and Draft RTS on Disclosures under SFDR

On 4th February 2021, the Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) delivered to the European Commission (EC) the Final Report, including the draft Regulatory…

EUROPEAN UNION: ESMA Provides Input to the Commission on Improvements for ELTIF

On 3rd February 2021, the European Securities and Markets Authority (ESMA) sent a letter to the European Commission regarding the review of the European Long Term Investment Funds (ELTIF) Regulation. In…

IRELAND: CBI Updates AIFMD Q&A – DAoFI

The Central Bank of Ireland (CBI) has published 37th edition of its AIFMD Questions and Answers document. The new Q&A addresses questions relating to authorisation of Depositaries of Assets other than Financial Instruments…

EUROPE: ESMA Finalises Rules on Standardised Information to Facilitate Cross-Border Distribution of Funds

The European Securities and Markets Authority (ESMA), has published a final report on implementing technical standards (ITS) under the Regulation on cross-border distribution of funds. The ITS focus on the publication of…

MALTA: MFSA Updates Investment Services Rulebooks

The Malta Financial Services Authority (MFSA) has updated certain sections of the Investment Services Rules for Investment Services Providers. The update implements ESMA’s Guidance on performance fees in investment funds…