Regulatory notice

Yesterday 17 February 2022, the CSSF has updated its AIFMD reporting Error Codes feedback files.

The European Securities and Markets Authority published on 16 February an Opinion on a reform of the Money Market Fund.

This Report is due in view of the revision of the Regulation by the European Commission by July 2022. But also find its purpose with the Covid-19 March 2020 crisis where a number of EU MMFs faced significant liquidity issues. Additionally, at international level, works have been undertaken to find solutions to the problems encountered at this critical period and lastly to improve the existing framework.

Beginning of this month, the FinDatEx initiative published two consultations that will last till 25th of February: the new “European ESG Template” (EET) and the version 4 of the “European MiFID Template” (EMT).

Friday 11 February, the Consob published on its website the consultation paper preceding the implementation of the Cross-border distribution of funds (CBDFR) and sustainable finance disclosures regulation (SFDR) in the Italian legislation.

On Friday 11 February 2022, the ESMA released its sustainability finance roadmap 2022-2024.

ESMA identifies three priorities for its sustainable finance work:
1. Tackling greenwashing and promoting transparency;
2. Building National Competent Authorities’ (NCAs) and ESMA’s capacities in the sustainable finance field; and
3. Monitoring, assessing and analysing ESG markets and risks.

Yesterday, the Consob, the Italian competent authority appointed to collect the Key Investor Document (KID) under the PRIIPs Regulation published modifications to its technical documentation related to its ex-ante submission.

Today, the European Commission published in the Official Journal of the European Union a Corrigendum of the new PRIIPS KID RTS (Commission Delegated Regulation (EU) 2021/2268 of 6 September 2021).

On 8 February 2022, the ESMA announced the launch of a common supervisory action (CSA) with national competent authorities (NCAs) on the application of MiFID II costs and charges disclosure rules across the European Union.

Yesterday, the FinDatEx publishes the EPT revised in accordance with the new PRIIPs RTS published in last December-