Regulatory notices

ESMA just released an updated version of its Cross-border Distribution of Funds document containing the summaries of the local provisions as required by the CBDF regulation.

On 2 December 2022, the FSMA published its revised communication on the transmission of information.

On 30 November 2022, the ESMA published its final report on revised Guidelines on stress test scenarios under the MMF Regulation.

This 2022 edition is based on the ESMA Report on Trends, Risks and Vulnerabilities including MMFs, which experienced a stress episode on the GBP money market in 2022. To process this review, the ESMA works closely with the ESRB which has also issued a warning on vulnerabilities in the Union’s financial system.

The FinDatEx initiative published a separate supplementary added template to EET V1.1 which contains preliminary data fields for the exchange of information on investments in fossil gas and nuclear. This supplement will be reviewed and integrated into the EET in early 2023.

Last month, the Norwegian financial regulator published a press release on the application of the PRIIPs regulation in Norway.
This regulation will not be applicable in Norway on first of January next year but on a further date depending on the inclusion of the PRIIPs regulation in the Annex IX of the EEA agreement.

Therefore, the Finanstilsynet has taken the following provisions applicable to the foreign UCITS marketed in Norway:

On 15 November 2022, the Joint Committee of the ESAs published an updated PRIIPs Q&A. In this paper, the ESAs informed that further information will be communicated on different topics identified below will be published before end of year.

The 2017 document has been updated on the following topic.

The FCA just launched its last quarterly consultation 2022 and proposes the following changes:

Friday 2nd of December, the Commission de Surveillance du Secteur Financier publishes a FAQ on the application of SFDR.

The first section of the FAQs consists in a reminder of the key European and CSSF publications on SFDR.

A couple of days ago, the Commission de Surveillance du Secteur Financier published the version 1.3 of its eDesk user guide related to the notification of performance fees.