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

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