Investment Funds Update: Europe- Issue 10, 2015

November 04, 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 10, November 2015

FRANCE

  • Public Consultation on the Origination of Loans by Funds
  • Implementation of the Provisions Governing the New “French Limited Partnership” (SLP)
  • ESMA’s Consultation Paper on ELTIF Regulation
  • Key Figures of French Assets Under Management 2014

 
GERMANY

  • BaFin Circular on Crowdlending
  • BaFin Issues Circular on Depositaries
  • Implementation of MiFID II, Draft Bill Published
  • Investment Statistics as of 31 August 2015

IRELAND

  • New UCITS Regulations and Feedback Statements
  • Update to AIFMD Q&A
  • UCITS Q&A Updated
  • Q&A for Investor Money Regulations

LUXEMBOURG

  • Luxembourg 'largely compliant' - Global Forum on Transparency and Exchange of Information for Tax Purposes
  • ALFI Takes Position on Remuneration Policies Under UCITS and AIFMD
  • ALFI Comments on Draft Technical Standards for ELTIFs
  • Latest Fund Statistics for Luxembourg Illustrate Continued Growth

UK

  • HM Treasury Proposes to Extend Senior Managers and Certification Regime to All FCA Firms
  • AIMA Publishes Updated Side Letter Guidance
  • FCA Proposes to Eliminate Short Reports for UCITS Schemes and NURS, and Certain Other Disclosure Requirements


EUROPEAN UNION LEGAL DEVELOPMENTS

  • AIFMD – Maijoor Updates on Extension of Passport to non-EU AIFMs and ESMA Publishes Consultation Response to UCITS and AIF Remuneration Guidelines
  • EMIR – Indirect Clearing Regulatory Technical Standards to Align to MiFIR
  • Capital Markets Union – Beginning of European Parliament Scrutiny
  • Other EU developments – ELTIF Consultation and Amended Transparency Directive

Read "Investment Funds Update - Europe - Issue 10, 2015".