Investment Funds Update: Europe - Issue 6, 2017

August 07, 2017

Legal and regulatory updates for the funds industry from the key asset management centres and primary European fund domiciles.

August 2017 - Issue 6


  • BaFin Publishes Guidance on the Authorization of Credit Institutions
  • BaFin Publishes Guidance on the "Prudent Person Principle" for Solvency II Investors
  • German Federal Ministry of Finance Publishes Letter on Cum/Cum Transactions
  • Latest Investment Fund Statistics for Germany


  • Central Bank Issues FAQ on Brexit
  • Central Bank Updates Fund Administrator Guidance
  • Central Bank Publishes New Investment Firms Regulations Q&A
  • Central Bank Updates UCITS Q&A and Guidance on Share Classes
  • Central Bank Issues Warning on MiFID II Unauthorized Business
  • Central Bank Update on MiFID II Preparations
  • Central Bank Update on Approach to Brexit


  • CSSF Statement Confirming Support of ESMA's Position on Supervisory Convergence/Regulatory Arbitrage
  • CSSF Publishes Press Release on the Prospectus Regulation
  • ALFI Publishes Press Release on the pan-European Personal Pension Product (PEPP)
  • CSSF Newsletter No. 198 - July 2017
  • CSSF Publishes Press Release on Global Situation of Undertakings for Collective Investment

United Kingdom

  • FCA Publishes Draft Rules to Extend the Senior Managers and Certification Regime to all Firms
  • FCA Publishes Final Report on its Asset Management Market Study and Consults on Proposed Rules
  • FCA Publishes Second MiFID II Policy Statement with Final Rules

European Union Developments

  • AIFMD and UCITS - ESMA Publishes Updated Q&As
  • MiFID II - ESMA Issues Guidelines on MiFID II Product Governance Requirements and Updates Q&As
  • PRIIPs: Guidelines and Q&As
  • ESMA Opines on Pre-Brexit Supervisory Convergence

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