Investment Funds Update: Europe - Issue 8, 2015

September 09, 2015

Dechert's investment funds update discusses the key legal and regulatory updates for the funds industry from the primary European asset management centres and fund domiciles.

Issue 8, September 2015


  • Adoption of the Macron Law - Creation of the SLP
  • Adoption of the Macron Law - Real Estate Funds
  • French Tax Administration Publishes Details of Bilateral Intergovernmental Agreement relating to FATCA Regulations
  • Update of the AMF Doctrine: Ancillary Liquid Assets


  • BaFin Publishes Form for the Notification of the Intention to Manage EU AIF’s
  • BaFin Publishes Circular on Requirements for External Evaluators
  • Latest Fund Statistics for Germany


  • AIFMD Q&A - 15th Edition Published
  • ICAV Q&A - Revised Edition Released
  • FATCA Update and Clarification
  • Latest Fund Statistics for Ireland


  • Draft Law Transposing the European Directive on the Automatic Exchange of Information Submitted to Parliament
  • Version 9 of AIFM FAQ Published by the CSSF
  • Grand-ducal AML Regulation of 5 August 2015
  • Publication of the Draft Law Transposing UCITS 5
  • FATCA Law Enters into Force and Tax Authorities Publish Guidance


  • FCA Scraps New RDR Rules for Nominees to Pass on Fund Information and Voting Rights on FCA Authorised Funds to Beneficial Owners
  • FCA Published Minutes of MiFID II implementation Roundtable


  • EMIR – ESMA Recommendations to EMIR Framework, Final Rules on Central Clearing for Interest Rate Derivatives and Consultation on CCP Client Accounts
  • MiFID - Pre-trade Transparency Waivers
  • Central Securities Depositories Regulation

Read "Investment Funds Update - Europe - Issue 8, 2015".