The adoption of the Directive (EU) 2021/2261 on the use of key information documents by management companies of undertakings for collective investment in transferable securities (UCITS) has prolonged the life of the UCITS KIID until 31st of December 2022. After that date, UCITS investors will receive a revised Packaged Retail and Insurance-based Investment Products (PRIIPs)

Earlier this year, the European Commission finalised a report called “Study on options for development of online tools and services supporting retail investors in investment decisions” that was made available recently on its web site. This 10m EUR estimated project could take 4 years to be developed as illustrated in the document. The go-live could

From 18 March 2020 to 15 April 2020 the European Commission consults on the inception impact assessment of the Benchmark Regulation review. The objectives of the review are: – To equip competent authorities with supervisory powers to ensure the orderly cessation of a critical benchmark, including the power to mandate the continued provision of a

End of February 2020, the budget 2020 European Union has been published in the Official Journal. A portion of this budget has been allocated to the European Commission to lead a Pilot project that will analyse the impacts of the controversial question over common ownership of shares in European listed public companies by large non-EU

Yesterday, the Executive Vice-President of the European Commission Valdis Dombrovskis officially launched the consultation on MiFID / MiFIR review. Consequently to its preliminary work, the Commission identified the following problems that it intends to solve by introducing new Directive and Regulation in the course of Q3 2020: Inadequate information available to investors and intermediaries Risks

On 30 January 2020, the European Commission published an Inception Impact Assessment related to the Revision of the Non-Financial reporting Directive. The publication of this document constitutes the start of the forthcoming legislative journey to the final text expected in Q4 this year. It informs the public of the intention of the Commission with an

Tomorrow, United Kingdom will leave the European Union under the Withdrawal Agreement ratified by the European council and by the European Parliament yesterday. FCA has implemented a Temporary Permissions Regime (TPR) for firms and funds intending to pursue their business in UK after Brexit. The procedure to enter into the TPR includes a notification for