Regulatory notice

Yesterday, the Banque de France published on its website 3 new updates of its technical documentation in the context of the implementation of the new fund data collection system called OPC2 on its OneGate portal.

On 3 December 2021, the Swiss Federal Council adopted an ordinance proroguing the transition period provided by the recent revised Law on the financial services to 31 December 2022 by which funds may continue to remit a simplified prospectus or a key investor document to private investors.

Yesterday 2nd of December 2021, the CSSF published a Communiqué informing entities under its supervision of the opening of the fast-track procedure to obtain the visa on the fund prospectuses updated to include the new requirements of the Taxonomy Regulation ( EU Regulation 2020/852) that will take effect on 1st of January 2022.

These requirements provide for transparency with regard to the environmental objectives of climate change mitigation and climate change adaptation.

Recently, the CSSF has released its first version of a FAQ on virtual assets to the attention of the UCITS and AIFMs.

The document deals with the possibility for the UCITS or the AIFs to invest in digital assets and the level of license an AIFM that intends to manage an AIF investing in this asset type must have.

Yesterday, the European Commission released its corrigendum of the SFDR Q&A published in last July.

Yesterday, the ESMA published on its website two compliance tables on AIFMD Guidelines.

Yesterday, the European Commission officially released a copy of its letter addressed to the European Parliament, the Council, and the ESAs of the deferral of the application of the SFDR RTS to 1st of January 2023.

In the context of the Cros-border Distribution of Funds Regulation, the German regulator BaFin has made available on its website a form to notify the pre-marketing activities performed by AIFMs.

Friday 26 November 2021, The ESMA updated its Questions and Answers on the application of the UCITS Directive.

The financial market authority added one questionand answer provided by the European Commission to the Section XII – Costs and fees.