Financial Services Europe and International Update

April 01, 2011

The latest edition of Financial Services Europe and International Update from Dechert’s Financial Services Practice covers the following regulatory developments:

EU and Supranational Regulatory Developments

  • European Commission Extends Deadline for Receipt of ESMA Advice on AIFM Directive Level 2 Implementing Measures
  • Short Selling and Credit Default Swaps: EU Proposals
  • The European Commission’s PRIPs Consultation: The UK’s Official Response
  • The AIFM Directive and Issues for ESMA
  • EMIR Compromise Proposal
  • Solvency II Directive: Impact on Asset Managers
  • IOSCO Consultation on Suspension of CIS Redemptions

UK Regulatory Developments

  • Government Consultation on Exceptions to the Age Discrimination Ban: Financial Services Implications
  • Prospectus Directive – Consultation on Early Implementation of Amendments
  • The FSA’s Business Plan 2011/2012
  • New Significant Influence Controlled Functions
  • The UK Budget 2011
  • National Regulatory Developments in Other EU Member States
  • France – Response to CESR’s Call for Evidence Implementing Measures on the Alternative Investment Fund Managers Directive (“AIFMD”) by the AFG
  • Malta – Implementation of UCITS IV and Guidelines on a Common Definition of Money Markets Funds
  • The Draft Investment Services Act (Retail Collective Investment Scheme Disclosure and Reporting) Regulations 2011
  • The Draft Investment Services Act (Key Investor Information) Regulations 2011
  • The Draft Investment Services Act (Feeder and Master UCITS) Regulations 2011
  • The Draft Investment Services Act (Money Market Funds) Regulations 2011