Last week, the Bill of the future Financial Services Act has been introduced in the House of Commons for examination. This Bill will reshape the regulatory financial services landscape in the United Kingdom in a post-Brexit era.
Last week, the Norwegian financial supervisory authority, the Finanstilsynet, informed the public of a modification of the methodology to file the Annex IV AIFMD reporting. The change will impact the 4th quarter 2020 reporting.
This week, the European Commission launched two consultations related to the asset management industry waited for a while: Alternative Investment Fund Management Directive (AIFMD) review and in the context of the Capital Market Union, the revision of the European Long Term Investment Fund (ELTIF) framework.
Last week, the Luxembourg Government presented and deposit the Budget 2021 draft Law to the Chamber of deputies. Several new measures have been introduced that will impact the fund industry.
On the 9th October 2020, the Central Bank issued the 35th edition of the Central Bank AIFMD Q&A, which includes a new Q&A ID 1133 in relation to liquidity stress testing in AIFs.
As you will have probably heard already on the market, the Regulatory Technical Standard (Level 2) on Sustainable Finance Disclosures Regulation will be delayed and made applicable later, more than probably in 2022.
The Central Bank of Ireland (CBI) recently communicated on the updated levies to be paid by investment funds and fund management companies. Although the structure of the levies remains the same as in 2018, these are subject to an increase and are applicable for 2020 based on December 2019 situation.
The European Commission disclosed two important projects on Thursday 24 September 2020 impacting the European finance landscape: the Digital Finance and the new Capital Market Union plans.
The Luxembourg official gazette, the Memorial, published yesterday the Law of 23 September 2020 on measures concerning the holding of meetings in companies and other legal persons in the context of the Covid-19 pandemic.