Regulatory notices

Yesterday, the Central Bank of Ireland published 2 new updates of its Q&As on UCITS and AIFMD. All new questions relate to PRIIPs.

On 21 December 2022, the Joint Committee of the ESAs published the last version of its PRIIPs Q&A as announced in the previous update of November.

On 18 December 2022, the French official gazette “Journal Officiel de la République Française” published the approval of six accounting regulations of the “Autorités des Normes Comptables”, among those two relates to UCIs.

In the context of the application of the new PRIIPs Regulation as of 1st of January 2023 and the end of the exemption period to use the PRIIPs KID, the CSSF published Friday an updated version of its FAQ on AIFMD.

Friday 16 December, the CSSF published a new version of its FAQ on UCIs Law 2010 and an update on the FAQ on UCITS KIID.

Last week, ESMA published a new question in its Questions and Answers on Application of the AIFMD.

The new question clarifies whether managers of special purpose acquisition companies (“SPACs”) are subject to the AIFMD.

On 13 December 2022, just a few days after the Treasury had launched its consultation on PRIIPs and UK Disclosure, the FCA questions its audience on the future disclosure framework seeking feedback on how authorities can design and deliver a good disclosure regime tailored for the UK retail market. These two consultations are not redundant but complementary.

This document provides the initial view of the FCA on how the delivery of retail disclosure can be improved:

Yesterday 13 December 2022, the Commission de Surveillance du Secteur Financier published a revised version of its Guidelines on UCITS Risk Reporting in view of the second half 2022 reporting.

On 12 December 2022, the Financial and Securities Markets Authority in Belgium published a Q&A on marketing communication under CBDF regulation.