Regulatory notices
On 28 June 2022, the FCA published its Policy Statement 22/7 on FCA regulated fees and levies 2022/23 with feedback on CP22/07 and ‘made rules’.
UK Funds and EEA UCITS under TPR see they periodic fees decreasing by 7% compared to the previous period 2021/2022. In contrast, notified AIFs see their periodic fees rising by 6%.
See details below:
Monday, the CSSF published a new Circular (22/817) on the application of the ESMA Guidelines On certain aspects of the MiFID II appropriateness and execution-only requirements.
Last Friday, the Commission published in the Official Journal of the EU the Commission Delegated Regulation (EU) 2022/975 adopted by the Commission on 17 March 2022 and endorsed by the co-legislators following a scrutiny procedure that ended on 17 June 2022.
“The delegated regulation postpones the application date of certain PRIIPs-related disclosures to 1 January 2023 (instead of 1 July 2022 as initially foreseen in the amending act adopted on 6 September 2021 (Commission Delegated Regulation (EU) 2021/2268)).”
On 23 June 2022, the ESMA published an updated version of its AIFMD Memorandum of Understanding signed between European Member States and third country authorities.
In this table, we have identified the following changes (compared to 3 Sept 2021 table):
On the 21st of June 2022, the CSSF published a Frequent Asked Questions on the Circular CSSF 22/811 on UCI Administrators.
On 20 June 2022, the CSSF published its user guide to the new eDesk module dedicated to the fund passporting.
As foreseen in the publication of Circular 22/810 issued on 12 May 2022 in the context of the Cross Border Distribution of Funds Regulation (CBDFR), the CSSF has made available the User’s Guide of the “ePassporting” module and will open the module on 1 July 2022 to AIFs in a first stage.
The Consob updated its KID PRIIPs ex-ante submission technical documentation on Friday 17 June 2022.
On 16 June 2022, the CSSF published it technical guidance for the UCITS Risk Reporting for the first half period 2022.
Yesterday, the Commission de Surveillance du Secteur Financier published a reminder of the latest publications of the European Commission and of the ESAs on sustainable finance regulations: