Category Archives: Fund Regulation

INTERNATIONAL: Fitch Ratings – More Mutual Funds Suspend Redemptions Due to Liquidity Mismatch

In a new report by Fitch Ratings, that have said that at least USD62 billion of global mutual funds have suspended redemptions this year to date due to coronavirus-driven market…

UNITED KINGDOM: Firms to Prepare for Phased Move to FCA’s New Data Collection Platform RegData

The Financial Conduct Authority (FCA) announced that they are preparing to gradually move firms across to their new data collection platform, which replaces Gabriel. The new name of the platform…

EUROPE: BVI’s five key requirements for ESG reporting

On 15th June 2020, the German Investment Funds Association (BVI) published the key requirements for ESG reporting. In order to achieve the EU’s goals to promote sustainable investments, the EU requirements for non-financial…

UNITED KINGDOM: FCA to make permanent its ban on the mass-marketing of speculative illiquid securities

The FCA introduced the ban without consultation in January following concerns that speculative mini-bonds were being promoted to retail investors who neither understood the risks involved, nor could afford the…

NETHERLANDS: AFM Views on the Review of the Alternative Investment Fund Directive

The AFM has published a paper highlighting some areas which it considers to be relevant for the public consultation and for the AIFMD review. The AFM is generally satisfied with…

LUXEMBOURG: CSSF Reporting Instructions under Article 37 of the Money Market Funds Regulation

Following the publication of ESMA’s amended XML schema (version 1.1) and reporting instructions for MMF reporting on its website, the CSSF has published the national specifications to be respected by…

UNITED KINGDOM: June 2020 Position Limits Update

On 16th June 2020, the Financial Conduct Authority (FCA) published updated position limits for certain commodity derivative contracts traded on ICE Futures Europe. The limits have been established under the Markets…

EUROPE: ESMA and EIOPA Responds to European Commission Consultation on Revision of NFRD

The European Securities and Markets Authority (ESMA) and the European Insurance and Occupational Pensions Authority (EIOPA)  has responded to the European Commission’s consultation on revision of the Non-Financial Reporting Directive (NFDR).…

UNITED KINGDOM: FCA – Open Access Regime for the Trading and Clearing of Exchange-Traded Derivatives

The Financial Conduct Authority (FCA) announced that from 4 July 2020 trading venues and central counterparties (CCPs) offering the trading and clearing of exchange-traded derivatives will be subject to the…

IRELAND: CBI Expectations as Regards Due Diligence Arrangements and Periodic On-Site Visits to Outsourcing Service Providers

On 16 June 2020, the Central Bank published a statement setting out its expectations as regards due diligence arrangements and periodic on-site visits to outsourcing service providers and delegates in…