Category Archives: Fund Regulation

UNITED STATES: SEC Adopts Modernized Regulatory Framework for Derivatives Use by Registered Funds and Business Development Companies

On 28th October 2020, the Securities and Exchange Commission (SEC) voted to adopt new rules and form amendments, designed to provide an updated, comprehensive approach to the regulation of funds’ use…

UNITED KINGDOM: Extending the Implementation Deadlines for the Certification Regime and Conduct Rules

On 28th October 2020, the Financial Conduct Authority (FCA) announced that the Treasury has made a statutory instrument to delay, from 9 December 2020 until 31 March 2021, the deadline for…

EUROPE: ESMA adds UK Venues to Opinions on Third-Country Trading Venues

The European Securities and Markets Authority (ESMA) has updated the list of third-country venues (TCTV) in the context of the opinions on post-trade transparency and position limits under MiFID II…

EUROPE: ESMA sets out final position on Share Trading Obligation

The European Securities and Markets Authority (ESMA) has released a public statement that clarifies the application of the European Union’s (EU) trading obligation for shares (STO) following the end of the UK’s…

CYPRUS: AIFM Governance on-site Inspections

The Cyprus Securities and Exchange Commission (“CySEC”) has proceeded (through on-site inspections) to evaluate the policies/procedures established and implemented by AIFMs regarding their compliance with some operational aspects relating to…

AUSTRALIA: ASIC Product Intervention Order Strengthens CFD Protections

On 23rd October 2020, the Australia Securities and Investment Commission made a product intervention order imposing conditions on the issue and distribution of contracts for difference (CFDs) to retail clients. ASIC’s…

IRELAND: CP86 Framework and Money Market Funds – Speech

A speech has been made by Derville Rowland, Director General, regarding several topics such as the impact of COVID-19 on the financial markets, CP86 framework and the persisting effect of the…

EUROPE: Commission Launches Public Consultation on the EU’s Alternative Investment Fund Market

The European Commission has  launched a public consultation seeking the views of stakeholders on how to make the EU’s Alternative Investment Fund (AIF) market more efficient, effective and competitive, while…

IRELAND: Persisting Effect of the Pandemic on Money Market Funds and Money Markets

The Central Bank of Ireland (CBI) has published a letter that explores the experience of money markets during the period of the pandemic from March to August from the perspective…

IRELAND: Central Bank Publishes Outcome of Thematic Review of Fund Management Companies

The Central Bank of Ireland has published the outcome of a thematic review of the implementation of its framework for governance, management and oversight in fund management companies (FMCs). The framework…