Regulatory notices

Yesterday, the Council of the European Union adopted the revision of the non-cooperative jurisdictions for tax purposes.

Friday 30 September, the Joint Committee of the ESAs published its final report on draft RTS on information to be provided in pre-contractual documents, on websites, and in periodic reports about the exposure of financial products to investments in fossil gas and nuclear energy activities.

ESMA addressed its recommendations to the investment firms on the impact of inflation in the context of investment services to retail clients through a public statement published on its website on Tuesday 27 September 2022.

On Friday 23 September 2022, the CSSF published a revised version of its Covid-19 FAQ.

The FinDatEx, the market initiative for the standardisation of the exchange of information published the definitive version of the European PRIIPs Template – Version 2.1 (EPT) last Friday, following a consultation launched in beginning of August.

Yesterday, the Central Bank of Luxembourg published an updated version of its FAQ on Statistical reporting of investment funds.

The question added related to the classification of Preferred Equity Certificate (PECs) in the security-by-security report.

Yesterday, the CSSF published a FAQ on Cross-Border Distribution of Funds Regulation focusing on marketing communication. The FAQ clarifies key aspects of the application of article 4 of the CBDF Regulation and ESMA Guidelines with the objective to bring further clarity on the supervisory expectations of the competent authority.

The ESAs Joint Committee published yesterday an additional list of questions addressed to the European Commission to clarify certain articles of the Sustainable Finance Disclosures Regulation (2019/2088/UE).

Following a consultation closed on 11 March 2022, the Commission adopted the Resolution no. 22437 of 6 September 2022 that amends its issuer’s regulation.
The modifications implement the requirements provided by the Cross Border Distribution of Funds Regulation (CBDFR) and the Sustainable Finance Disclosures Regulation (SFDR) and related articles in the EU Taxonomy regulation (TR) as well as the ESMA Guidelines on marketing communications under the Regulation on cross-border distribution of funds (2021).