Investment Funds Update: Europe- Issue 9, 2016

November 23, 2016

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 9, November 2016

FRANCE

  • AMF Form- Obligation to Fulfill a Form of Compliance with UCITS 5 for Portfolio Management Companies
  • Update of the AMF General Regulations- Professional Certification of Financial Investment Advisers
  • AFG- Guidelines for ESG Principles under the Energy Transition Law
  • AMF Guidelines- EU Regulation on Market Abuse
  • Decree Related to the Crowdlending Regime
  • AMF Doctrine- Management Fees

GERMANY

  • German Investment Fund Association Extends Rules of Conduct
  • BaFin Consults Draft Circular on Regulatory Requirements to the Business Organisation of Insurance Companies
  • BaFin Consults Draft "InvMaRisk" Covering Loan Originating Funds
  • Latest Investment Fund Statistics for Germany

IRELAND

  • Central Bank Launches ORION II Platform to Authorise all QIAIFs Applications
  • Central Bank Updates its Transparency Rules
  • European Anti-Money Laundering Regulation Requires Accurate Information on Beneficial Ownership of Corporate Entities
  • Latest Fund Statistics for Ireland
  • Irish Funds Hit by Brazil's Tax Haven "Blacklist"

LUXEMBOURG

  • CSSF Newsletter- October 2016
  • CSSF Circular 16/644 Dated 11 October 2016
  • ALFI Responds to the Public Consultation on Cross-Border Distribution by the Commission
  • ALFI Response to IOSCO Consultation Regarding the EU Macro-Prudential Framework
  • CSSF Regulation Nº 16-07 Relating to Out-of-Court Complaint Resolution

UNITED KINGDOM

  •  FCA Publishes Final Rules Removing Certain Ineffective Disclosure Requirements
  •  FCA Opens Website for New Market Data Processor System for MiFID II Reporting
  •  FCA Letter on Post-Brexit Financial Services Regulatory Landscape and Role of Passporting

EUROPEAN UNION LEGAL DEVELOPMENTS

  • AIFMD- ESMA Amends Guidelines on Remuneration Practices under the AIFMD
  • EMIR- European Commission Adopts Revised Rules for Reporting to Trade Repositories under EMIR
  • MiFID II- ESMA Issues Q&A on Transparency Topics for Systematic Internalisers and Consults on Transparency Rules for Package Orders
  • UCITS- ESMA Issues Final Guidelines on Remuneration Practices Under the UCITS Directive and Issues Updated Q&A
  • PRIIPS Implementation Delayed by One Year, With European Commission Inviting European Supervisory Authorities to Amend PRIIPs Rules and Develop Guidance

Read "Investment Funds Update: Europe - Issue 9, 2016".