Jean Louis Catrysse |

LU – DORA : CSSF invites its supervised entities to consider their participation to the ESAs dry run on collection of information on the use of ICT third-party service providers

19th April 2024

ESAs recently announced the forthcoming of the voluntary exercise for the collection of the registers of information of contractual arrangements on the use of ICT third-party service providers by the financial entities, serving as preparation for the implementation and reporting of registers of information under DORA. In this context:

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EU – EP ECON Committee adopted its report on amendment of MiFID, Solvency II, IDD, UCITS and AIFMD Directives as regards to the Union retail investor protection rules

15th April 2024

On April2, 2024, the European Parliament ECON Committee adopted with majority the report on the proposal for a directive of the European Parliament and of the Council Amending Directives (EU) 2009/65/EC, 2009/138/EC, 2011/61/EU, 2014/65/EU and (EU) 2016/97 as regards the Union retail investor protection rules. The core objective of...

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GB – FCA consults on regulatory fees and levies for the period April 2024 – March 2025

10th April 2024

On 9th of March 2024, the Financial Conduct Authority published a consultation paper on the revision of the regulatory fees and levies to be applied from 1st of April 2024 to 31st of March 2025. On a cross-border distribution perspective, the FCA proposes a substantial reduction in fees for...

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EU – European Parliament ECON Committee amends the Commission proposal to modernise the PRIIPs KID

09th April 2024

On 25 of March 2024, the European Parliament ECON Committee adopted by majority vote the Report of the European Parliament and of the Council amending Regulation (EU) No 1286/2014 as regards to the modernisation of the Key Information Document (KID). The amendments to the existing Regulation and the Commission...

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LU – CSSF updates its UCIs and AIFMD FAQs

09th April 2024

The CSSF updated its UCIs and AIFMD FAQs last week by providing more clarity on the condition a Luxembourg collective portfolio management company may market funds it manages as regards to applicable MiFID rules. These FAQs elaborate on the indirect marketing provided by other Investment Fund Manager (IFM) and...

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EU – The amendments to the AIFMD and UCITS Directive have been published on March 26 2024

03rd April 2024

On Tuesday March, 26 2024, the Directive amending the AIFM and the UCITS directives was published in the Official Journal of the European Union. The main changes to the AIFM and UCITS directives are designed to: – improve the integration of asset management markets in Europe and modernising the...

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FR – AMF activates its new extranet ROSA and adapts its regulations

03rd April 2024

On Thursday 28 March 2024, the French regulator AMF published several new instructions in relation to the deployment of the new extranet Rosa impacting the most the French fund management companies.

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EU – The European Commission finally publishes the amendment to the UCITS and AIFMD notification processes (CBDF)

26th March 2024

The European Commission finally published the Regulations adopted in December last year amending UCITS Directive and Regulation 584/2010 and AIFMD as regards to the procedures implemented for the cross-border activities of funds and fund management companies within the European Union and EEA.

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GB – The Government released the stage 3 planning to overhaul financial regulation post Brexit

22nd March 2024

The Government communicated on the status of its “Building a Smarter Financial Services Regulatory Framework for the UK plan and the next steps. According to the document made available by the HMT, phase 3 to come will encompass:

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EU – ELTIF 2.0 – The European Commission asks ESMA to review rules of its draft RTS

22nd March 2024

On 6 March 2024, the European Commission wrote a letter to ESMA requesting several amendments to the draft RTS it had submitted at the end of last year. If ESMA does not address the comments provided by the European Commission within 6 weeks, the Commission shall be empowered to...

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