Category Archives: Fund Regulation

EUROPE: ESMA Extends Four Trade Repositories Registrations to Include SFTR

The European Securities and Markets Authority (ESMA) announced that it has approved the extension of registrations of four trade repositories (TRs) to include securities financing transactions (SFT) reporting under the…

EUROPE: ESMA Reminds Firms of Conduct of Business Obligations Under MifID II

The European Securities and Markets Authority (ESMA) issued a Public Statement on the risks for retail investors when trading under the highly uncertain market circumstances due to the COVID-19 pandemic.…

EUROPE: 76 European Mutual Funds Suspend Redemptions

According to Fitch Ratings, at least 76 European mutual funds suspended redemptions in March 2020 due to increased demand for withdrawals from investors due to market volatility caused by the…

FRANCE: AMF to Comply with ESMA Guidelines on Stress testing Scenarios for Money Market Funds

The AMF has decided to comply with ESMA’s guidelines on stress testing scenarios for money market funds and is updating its guidance position DOC-2018-05 accordingly. Following the publication of its…

UNITED KINGDOM: FCA – Update of Position Limits for Certain Commodity Derivative Contracts

On 05th May 2020, the Financial Conduct Authority (FCA) published an updated position limits for certain commodity derivative contracts traded on UK trading venues. The limits have been established under…

EUROPE: ESMA Publishes Annual Bond Transparency Calculations, Systematic Internalisers Calculations and New Bond Liquidity Data

The European Securities and Markets Authority, the EU’s securities markets regulator, has made available, under the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR): the annual transparency calculations…

IRELAND: CBI Publishes Notice of Intention in Relation to the ESMA Guidelines on Stress Test Scenarios under the Money Market Fund Regulation

On 30th April 2020, the Central Bank of Ireland published a notice of intention in relation to the application of the ESMA Guidelines on stress test scenarios under the Money Market…

EUROPE: ESMA Issues No Action Letter on ESG disclosure requirements under the Benchmarks Regulation

On 29th April 2020, the European Securities and Markets Authority (ESMA) issued a No Action Letter to promote coordinated action by National Competent Authorities (NCAs) regarding the new environmental, social and governance (ESG)…

FRANCE: AMF Evaluates AIFM Reporting Systems in its SPOT Inspections

A new series of SPOT inspections (“Supervision des Pratiques Opérationnelle et Thématique”) was carried out in 2019, allowing an assessment of the AIFM reporting systems of five asset management companies,…

EUROPE: EFAMA Calls for Urgent Completion of PRIIP KID Review to Protect Retail Investors and Support Economic Recovery

Ahead of the ESAs’ final report on technical changes to the PRIIP Key Information Document (KID), EFAMA has issued a public statement reiterating that the current PRIIP KID remains fundamentally…