Investment Funds Update: Europe- Issue 10, 2016

December 19, 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 10, December 2016

FRANCE

  • SAPIN II Law - Asset Management Rules Development
  • Loan Origination by French Funds
  • AMF Public Consultation - Terms for Implementing Gates in UCITS and AIFs
  • AMF Instructions Update - French "minibons"
  • Decree - Thresholds of Investment Funds for AMF Approval

GERMANY

  • BaFin Pu0blishes Circular on Solvency II
  • BaFin Plans to Limit CFD Trading
  • BaFin Consults Draft "MaComp" Covering Rules of Conduct, Organisation and Transparency for Investment Services Enterprises
  • Latest Investment Fund Statistics for Germany

IRELAND

  • Revised Irish Loan Fund Plan Announced
  • Finalising the Investment Firms Rulebook
  • AIFMD Q&As Address Pension Scheme Arrangements
  • CP 106: Review of Minimum Competency Code 2011
  • Latest Investment Fund Statistics For Ireland

LUXEMBOURG

  • CSSF Newsletter – November 2016
  • ALFI Negotiation with Australian Securities and Investments Commission Successful
  • CSSF Circular 16/644 Dated 11 October 2016
  • CSSF Press Release 16/38 of 27 October 2016

UNITED KINGDOM

  • Brexit - House of Commons Briefing Paper on the "Great Repeal Bill"
  • FCA Confirms it will not Issue Proportionality Guidance for UCITS V Remuneration - Refers Firms to its AIFMD Remuneration Guidance
  • FCA Issues Statement on the Delayed PRIIPs Regulation

EUROPEAN UNION LEGAL DEVELOPMENTS

  • AIFMD - ESMA Updates Q&As and Re-Visits Application of Delegation Rules
  • EMIR - ESMA Issues Final Report Calling to Delay the Clearing Obligation for Financial Counterparties with a Limited Volume of Activity
  • MiFID II - ESMA Publishes MiFID II Q&As on Transparency and Market Structure Topics and Issues New Delegated Regulations Addressing Ancillary Activities and Commodity Derivatives
  • UCITS - ESMA Updates UCITS Q&As

Read "Investment Fund Update: Europe - Issue 10, 2016"