Category Archives: Fund Regulation

INTERNATIONAL: IOSCO Report Provides New Data on Global Hedge Fund Industry

The Board of the International Organization of Securities Commissions (IOSCO) published its Report on the Fifth IOSCO Hedge Fund Survey, which provides regulators new insightsinto the global hedge fund industry…

UNITED STATES: CFTC Proposes Amendments to Compliance Requirements for Commodity Pool Operators on Form CPO-PQR

On 14th April 2020, the Commodity Futures Trading Commission (CFTC) announced that it has approved a proposal to amend certain compliance requirements for commodity pool operators (CPO) in Regulation 4.27 and…

INTERNATIONAL: IOSCO Steps up its Efforts to Address Issues Around Sustainability and Climate Change

The Board of the International Organization of Securities Commissions has published its report on Sustainable Finance and the Role of Securities Regulators and IOSCO, which seeks to help market participants…

LUXEMBOURG: CSSF Launch of New Weekly Questionnaire to Investment Fund Managers

The CSSF has issued a weekly questionnaire to investment fund managers (IFMs). The objective of the questionnaire is to provide the CSSF with weekly updates on financial data (total net…

ITALY: Market Abuse Regulation – CONSOB Admits Market Practice Inherent to Market Liquidity

On 8th April 2020, Consob announced that it has admitted the new market Practice no. 1 relating to the support of market liquidity. The new Practice no. 1 will come into force thirty days after…

EUROPE: ESMA Sets Out Supervisory Expectations on Publications of Investment Funds Periodic Reports

The European Securities and Markets Authority (ESMA), has issued a public statement directed at Fund Managers concerning their obligations to publish yearly and half-yearly reports. The entities concerned are the…

UNITED KINGDOM: AREF Propose New Fund Vehicle

The Association of Real Estate Funds (AREF) announced that it has been working with the Investment Association (IA) on a contractual form of Onshore Professional Fund (OPF), called the Professional Investor Fund (PIF). This…

LUXEMBOURG: CSSF Publish Updated FAQs on Swing Pricing

The Commission de Surveillance du Secteur Financier (CSSF) has published updated FAQs. The following questions have been added: Question 4.b) Can UCIs increase the applied swing factor beyond the maximum swing…

UNITED KINGDOM: FCA Extends Deadlines for Publishing Fund Reports and Accounts

The FCA have announced that they are giving firms extra time to produce their annual and half-yearly reports and accounts due to the impact of COVID-19. Extra 2 months for…

EUROPE: ESMA Final Report on Guidelines on performance fees in UCITS and certain types of AIFs

ESMA has published its final guidance on performance fees in investment funds – applicable to Undertakings for the Collective Investment in Transferable Securities (UCITS) and certain types of Alternative Investment Funds (AIFs).…