Insight & Opinions

Last week, ESAs joint Committee published the transcript of the opening remarks of EIOPA’s Chairman Gabriel Bernardino delivered in Dublin last month. Concerning #PRIIPs he said:” we are currently in the process of carrying out a targeted review of the existing Level 2 regime, complemented by consumer testing and close engagement with external stakeholders. We

Last week, within 3 days, the Belgian financial supervisor FSMA fined a French Management Company for inconsistency in its investor documents and the Cyprus Security and Exchange Commission (CySEC) published a Circular related to its observations on PRIIPs KID provided by Cyprus Investment Firms (CIF) to the retail investors. FSMA noticed that the estimated return

The European Commission has today reported on the achievement of the Capital Market Union in preparation of the Council spring meeting next week. Not all the building block components have been finalised as illustrated below. Especially, the Commission urged the Council and the Parliament to reach an agreement on the ESAs review which constitutes an

On 29 November 2018, ESMA published its quarterly Risk Dashboard No 4. Notably the number of complaints about UCITS reported to ESMA by 18 NCAs has reached its highest level since Q3 2014. It is interesting to note that the number of complaints on UCITS exceeds those on CFDs.  Concerning these latest instruments, there is no

  EU27 countries met last Saturday for a Special Meeting of the European Council in Brussels, where they endorsed the Brexit withdrawal agreement presented by negotiators of both the EU and the UK.   In the published political declarations, the future relationship between the EU and the UK in terms of Financial Services that the

On November 8 2018, European Supervisory Authorities (ESAs) published a Joint Consultation paper on draft amendments to the Commission Delegated Regulation 2017/653 (RTS) in relation to the PRIIPs Regulation (UE No 2014/1286). This follows the requirement to proceed with a review of the PRIIPs Regulation in 2018 and feedback provided by market participants on the need