EUROPE: ESMA Updates UCITS Q&As
On 16th July 2021, ESMA published updated UCITS Questions and Answers. The following new questions have been added: Question 5: Application of the guidelines to funds with multiple portfolio managers Question…
SWITZERLAND: FINMA extends deadline for revising fund documents (Art. 144 para. 3 CISO) until 30 June 2022
According to Art. 144 para. 3 CISO, fund management companies, SICAVs, and limited partnerships for collective investment must submit revised fund contracts, investment regulations, and partnership agreements to FINMA within…
UNITED KINGDOM: Joint Bank of England and FCA Review of Open-Ended Investment Funds
In the report on Assessing the resilience of market-based finance, the Bank of England has set out the conclusion to the joint review by the Financial Conduct Authority (FCA) and…
FRANCE: AMF Proposal for More European Supervision and Improved Regulation
The AMF has published its main proposals as part of the European Commission’s consultation on supervisory convergence, which was opened until May 2021. The aim of the proposals is to…
IRELAND: CBI Publishes Feedback Statement on CP 135
On 24 June 2021, the Central Bank published a feedback statement following the consultation on competent authority discretions in the Investment Firms Directive (IFD) and the Investment Firms Regulation (IFR)…
IRELAND: CBI Updates UCITS Questions and Answers
On 24 June, the Central Bank issued the 31st Edition of the Central Bank UCITS Q&A document, which includes a new Q&A, ID 1099. The new Q&A, ID 1099, confirms…
IRELAND: CBI Updates AIFMD Questions and Answers
On 24 June, the Central Bank issued the 39th edition of the Central Bank AIFMD Q&A, which updates QAs ID 1021 and ID 1136 and includes two new Q&As, ID1143…
LUXEMBOURG: CSSF Publishes Return Files, Respective Error Codes and Error Messages for AIFM Reporting
The CSSF have published return files, respective error codes and error messages for AIFM reporting. The s document describes the controls that the CSSF applies to the AIFMD reporting files…
LUXEMBOURG: Common Supervisory Action on UCITS Liquidity Risk Management
In the course of 2020 the European Securities and Markets Authority (ESMA) performed a Common Supervisory Action (CSA) with national competent authorities (NCAs) across the EU/EEA on the supervision of…
NEW ZEALAND: FMA MIS Liquidity Risk Management Review
The New Zealand Financial Market Authority (FMA) has published a report on Managed Investment Schemes (MIS). This report contains recommendations on liquidity stress testing frameworks, processes and procedures, following the…