On 2nd September 2020, the Securities and Futures Commission (SFC) released consultation conclusions on enhancements to the open-ended fund companies (OFC) regime, including the removal of all investment restrictions for private OFCs. Under…
On 1st September 2020, the European Securities and Markets Authority (ESMA), the EU’s securities markets regulator has published a Call for Evidence (CfE) in the context of its intention to review…
On 31st August 2020, Association of the Luxembourg Fund Industry (ALFI) answered the European Supervisory Authorities (ESAs) consultation paper setting out the proposed Regulatory Technical Standards (“RTS”) on content, methodologies…
The German Investment Funds Association BVI announced that it supports the objective of ESMA to standardize fund reporting on liquidity and leverage risks. Specifically, as part of the review of…
On 27th August 2020, the European Securities and Markets Authority (ESMA) confirmed that the 2019 Guidelines on stress test scenarios under the Money Market Funds Regulation (MMFR) will be updated in 2020 to…
BaFin imposed administrative fines totalling 49,000 euros on Exporo Investment GmbH. The sanction related to breaches of Article 13 (1) of Regulation (EU) No 1286/2014 (PRIIPs Regulation). Exporo Investment GmbH failed to provide retail investors…
On 26th August 2020, the Financial Conduct Authority (FCA) launched a survey for the joint Bank of England and FCA review of liquidity mismatch in open-ended funds. In Q4 2019, the Financial…
On 25th August 2020, the Securities and Exchange Commission (SEC) announced that it has approved regulatory framework for the creation and operation of new investment companies that will primarily invest in…
On 25th August 2020, the Financial Services and Markets Authority (FSMA) published a document that addresses the guidelines by the European Authority for Securities and Markets (ESMA) on the reporting to…
On 20th August 2020, the Financial Supervisory Authority (FI) announced that it had informed the European Insurance and Occupational Pensions Authority (EIOPA) that the authority intends to apply the guidelines on…
