Category Archives: Fund Regulation

EUROPE: ESMA Publishes Cloud Outsourcing Guidelines

The European Securities and Markets Authority (ESMA) has published the final report on its guidelines on outsourcing to cloud service providers (CSPs). The Guidelines are intended to help firms identify, address and…

HONG KONG: FAQs on Application Procedures for Authorization of Unit Trusts and Mutual Funds under the Revamped Process

The Securities and Futures Commission (SFC) has published the updated Frequently Asked Questions on Application Procedures for Authorization of Unit Trusts and Mutual Funds under the Revamped Process. Updated FAQ:…

NEW ZEALAND: Disclosure Framework for Integrated Financial Products

The Financial Markets Authority has released a new guidance setting out its advertising and disclosure expectations for issuers of ‘green’ and ‘responsible’ investment products. The guidance sets out how ‘fair…

EUROPE: ESMA Publishes Final Guidance to Address Leverage Risk in the AIF Sector

The European Securities and Markets Authority (ESMA) has published its final guidance to address leverage risks in the Alternative Investment Fund (AIF) sector. ESMA’s guidelines set out common criteria in order to…

EUROPE: ESMA Updates Guidelines on Stress Tests for Money Market Funds

The European Securities and Markets Authority (ESMA) has published the 2020 update of guidelines on MMF stress tests under the Money Market Funds Regulation (MMFR). The updates take account of MMFs recent…

EUROPE: ESMA Updates Reporting Under the Money Market Funds Regulation

The European Securities and Markets Authority (ESMA), has updated its validation rules regarding the Money Market Fund Regulation (MMFR). This relates to the requirements of Article 37 of MMFR that…

UNITED STATES: SEC Modernizes Framework for Fund Valuation Practices

The Securities and Exchange Commission has announced that it voted to adopt a new rule that establishes an updated regulatory framework for fund valuation practices.  The rule is designed to…

IRELAND: Consultation on Enhancements to the Central Bank Client Asset Requirements

On 03rd December 2020, the Central Bank published Consultation Paper 133 “Consultation on enhancements to the Central Bank Client Asset Requirements, as contained in the Central Bank Investment Firms Regulations”. The consultation seeks…

IRELAND: Central Bank Performance Fee Guidance for UCITS and Certain Types of Retail AIFs

On 03rd December 2020, the Central Bank published Consultation Paper 134 on new Central Bank performance fee guidance for UCITS and certain types of retail AIFs. The consultation seeks stakeholder’s views on the…

UNITED KINGDOM: FCA Reminds Firms to be Ready for End of Transition Period

The Financial Conduct Authority (FCA) has reminded firms to be ready for the end of the transition period in 1 month’s time. When the transition period ends at 11pm on 31…