Yesterday, ESMA published its compliance table on application of the Guidelines on stress tests scenarios under Arti 28 MMFR.
On 27 November 2019, ESMA has published on its website the Compliance table on Guidelines on reporting obligations under Articles 3(3)(d) and 24(1), (2) and (4) of the AIFMD (ESMA/2014/869).
Yesterday, the “Rapporteur” André Bauler has filed his report on the draft Law implementing the IORP II Directive and modifying the « Law of 17 April 2018 implementing the Regulation (UE) n°1286/2014 on PRIIPS KID and modifying the modified CIS Law of 17 December 2010.
Yesterday, the “Conseil d’Etat” rejected the Draft Law for a sustainable finance and modifying the modified CIS Law of 17 December 2010 for non-compliance with the Constitution.
On 6th of November, the Federal Council brought the Financial Services Act (FinSA) and the Financial Institutions Act (FinIA) – together with the implementing ordinances – into force with effect from 1 January 2020 as expected. The Financial Services Ordinance (FinSO), the Financial Institutions Ordinance (FinIO) and the Supervisory Organisation Ordinance (SOO) contain the implementation provisions of the Federal Council.
In consequence of their adoption the Collective Investment Scheme Ordinance (CISO) is also amended to reflect several changes impacting collective investment schemes in the FinSA/FinSO. FINMA announced yesterday it will open a public consultation in Q1 2020 for adoption in Q4 2020.