Investment Funds Update: Europe- Issue 1, 2016
January 14, 2016
Investment Funds Update - Europe
Legal and regulatory updates for the funds industry from the key asset management centres and primary European fund domiciles
January 2016 - Issue 1
FRANCE
- ELTIF Regulations in France
- Fonds Commun de Placement dans l’innovation (FCPIs) and Fonds d’investissement de Proximité (FIPs)
- Update of AMF Doctrine
- Client Mediation for Management Companies
- Breach of Management Companies’ Obligation to Define an Allocation of Orders Procedure
GERMANY
- German Federal Government Passes Draft Bill to Amend Financial Market
- BaFin Issues Updated Circular on Requirements for Directors and Supervisory Boards
- Solvency II Entered Into Force
- Investment Statistics as of 31 October 2015
IRELAND
- Guidance Regarding Cash Accounts for UCITS and AIF Umbrella Funds
- Updated UCITS Q&A
- CP100: Consultation on Risk Assessment and Capital Planning for Fund Administrators
- Irish Funds and Common Reporting Standards (“CRS”)
- European Long-Term Investment Funds (ELTIF) Regulations Implemented
LUXEMBOURG
- Application Forms for ELTIFs
- Prospectuses for Securities: New CSSF Circular 15/632
- Reserved Alternative Investment Fund (RAIF) to Provide an Additional, Complementary, Alternative Investment Fund Regime
- CSSF Newsletter for December 2015
- Law Concerning The Automatic Exchange of Financial Account Information in the Fields of Taxation
UK
- FCA Issues First MiFID II Consultation Paper
- FCA Thematic Review of Suitability of Investment Portfolios
EUROPEAN UNION LEGAL DEVELOPMENTS
- AIFMD – ESMA Updates its Q&A on AIFMD Application
- EMIR – Confirmed Start Date for Clearing and New CCP Cooperation Agreements
- MiFID II – ESMA Issues Final Reports on the Assessment of Knowledge and Competence, Cross Selling Practices and Transaction Reporting
- Other EU Developments – Transparency of Securities Financing Transaction Regulation, Remuneration Policies and EU Regulatory Work Programme