Insight & Opinions

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

Beside the content itself of the consideration of which bonds fall or not under the scope of the PRIIPs regulation, one can notice that in its new communication, the ESAs JC recommends the co-legislators to specify more precisely the scope of financial products impacted by PRIIPs and to focus on packaged or wrapped products rather

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