Regulatory notice

Two days ago, the CSSF has published a press release announcing the implementation of a new module on its eDesk portal dedicated to the collection of a questionnaire on performance fees.

This module will be launched on 30 September 2021.

This new data collection is part of the implementation by the CSSF of the Guideline on performance fees in UCITS and certain types of AIFs published on 5 November 2021.

Recently, the AFM, the Dutch financial market regulator updated its webpage section dedicated to the pre-marketing activities of AIF in the Netherlands.

The procedure that integrates the Cross-border distribution of funds directive provisions, describes in detail how Dutch AIFMs have to process with the notifications.

On 16 of September 2021, the Financial Conduct Authority and The Pensions Regulator opened a joint consultation on the Discussion Paper “Driving Value for Money (VFM) in defined contribution pensions”. The discussion paper is focused primarily on assessing VFM in pensions in accumulation, and they have paid particular attention to features of workplace default schemes, given the growth in this market.

The Dutch financial market watchdog recently updated its FAQ in consequence of the implementation of the Cross-border of Funds Directive (CBDF).

On 14 September 2021, the European Commission published a corrigendum of the Commission Delegated Regulation (EU) 2021/1255 related to sustainability risks and factors to be taken into consideration by AIFMs.

On 13 September 2021, the CSSF updated its FAQ on Market Entry Form.

The first question clarifying when a Market Entry Form should be completed has been updated.

As indicated in our notice published on 8 of September about the adoption by the European Commission of the draft PRIIPS KID RTS submitted by the Joint Committee of the ESAs, we provide you with our analysis of the changes introduced in the new rules where we also have included the comparison of the provisions related to the UCITS KIID and their inclusions in the PRIIPs KID RTS especially as regards to the disclosures of the past performances.

On 10 September 2021, the Central Bank issued the 41st Edition of the Central Bank AIFMD Q&A, which includes new Q&As, ID1146 and ID 1147.

Yesterday, the “Banque de France” released several updates of the implementation documents of the new data collection for French and Monaco collective investment schemes.