On 19th November 2020, the European Fund and Asset Management Association (EFAMA) has published its first ESG-focused Market Insights “Sustainable investment in the European asset management industry: defining and sizing ESG strategies”. Highlights include: …
On 19th November 2020, in the context of Brexit, the UK Financial Conduct Authority (FCA) asked the Commission de Surveillance du Secteur Financier (CSSF) to channel to Luxembourg-based entities the following communication regarding the UK Temporary Permissions…
On 16th November 2020, in a Joint statement from HM Treasury, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA), they provided an update on the implementation of the…
The European Securities and Markets Authority (ESMA), has published its first annual report on the use by National Competent Authorities (NCAs) of sanctions under the Alternative Investment Fund Managers Directive (AIFMD). The…
The European Securities and Markets Authority (ESMA), has published its 2019 report on the use of supervisory sanctions by National Competent Authorities (NCAs) under the Undertakings for Collective Investments in Transferrable Securities…
On 6 May 2020, the European Systemic Risk Board (ESRB) published a recommendation to address liquidity risk in investment funds. The ESRB recommendation requests that ESMA: coordinates with the National…
The European Securities and Markets Authority (ESMA), using its new convergence powers, has identified costs and performance for retail investment products and market data quality as the Union Strategic Supervisory…
In March 2020, the government published a consultation paper inviting views on the overseas funds regime (OFR). The OFR delivers on the government’s commitment to introduce a more streamlined regime…
On 06th November 2020, the Central Bank of Ireland revised its expectations as regards regulatory flexibility for securities markets, investment management, investment firms and fund service providers. Recognising the challenges faced…
The Securities and Futures Commission (SFC) has launched a consultation on proposed requirements for fund managers to take climate-related risks into consideration in their investment and risk management processes and make appropriate…
