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Category Archives: Fund Regulation

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LUXEMBOURG: FAQ – NAV Calculation Error and Correction Applies to UCITS and UCI

Fund RegulationBy Trevor DempsterJuly 8, 2020

On 07th July 2020, the Commission de Surveillance du Secteur Financier (CSSF) published a circular in relation to the protection of investors in case of NAV calculation error and correction of the…

UNITED KINGDOM: Temporary Permissions Regime for Inbound Passporting EEA firms and Funds

Fund RegulationBy Trevor DempsterJuly 3, 2020

On 1st July 2020, the Financial Conduct Authority (FCA) updated the page regarding the temporary permissions regime (TPR) which will enable relevant firms and funds which passport into the UK to…

LUXEMBOURG: CSSF – List of Third Country Equivalent Jurisdictions

Fund RegulationBy Trevor DempsterJuly 3, 2020

The Commission de Surveillance du Secteur Financier (CSSF) has published a list of countries it considers equivalent. Entities from these countries will be able to provide investment services on a…

EUROPE: Testing Draft EU Ecolabel Criteria on UCITS Equity Funds

Fund RegulationBy Trevor DempsterJuly 3, 2020

The European Commission published the results of a study on the testing draft EU ecolabel criterion on UCITS equity funds. The EU Ecolabel is a symbol of environmental excellence awarded to products and services…

EUROPE: Irish Funds Response to Consultation Paper – Implementing Technical Standards for Cross Border Distribution

Fund RegulationBy Trevor DempsterJuly 3, 2020

On 30th June 2020, the Irish Funds responded to the Consultation Paper – Implementing technical standards for cross border distribution. Specific Questions: Do you agree that the information to be published…

EUROPE: ICMA – Recommendations for Reporting Under SFTR

Fund RegulationBy Trevor DempsterJuly 3, 2020

On 30th June 2020, the European Repo and Collateral Council (ERCC) published a further update to the ICMA Recommendations for Reporting under SFTR. The third public version published includes a number…

EUROPE: Global Principles to Address Escalating Market Data Costs

Fund RegulationBy Trevor DempsterJune 29, 2020

On 29th June 2020,the International Council of Securities Associations (ICSA), the European Fund and Asset Management Association (EFAMA), and the Managed Funds Association (MFA) published a report to call for the implementation of internationally recognized…

UNITED KINGDOM: FCA Proposes New “Value for Money” Assessments on Workplace Pensions

Fund RegulationBy Trevor DempsterJune 25, 2020

The FCA have published a new Consultation Paper to promote value for money for members of workplace personal pension schemes. The proposals aim to make it easier for Independent Governance Committees (IGCs)…

EUROPE: EU Sustainable Finance and Non-Financial Reporting

Fund RegulationBy Trevor DempsterJune 24, 2020

On 23rd June 2020, the Irish Funds Industry Association announced the publication of a paper on EU sustainable finance and non-financial reporting stating that central to compliance with the newly emerging…

UNITED KINGDOM: FCA Seeks Industry Views on a New Prudential Regime for MiFID Investment Firms

Fund RegulationBy Trevor DempsterJune 24, 2020

On 23rd June 2020, the Financial Conduct Authority(FCA) published a discussion paper on a prudential regime for UK investment firms. This marks the first step in introducing a set of prudential rules for…

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