Regulatory notices

On Friday 11 February 2022, the ESMA released its sustainability finance roadmap 2022-2024.

ESMA identifies three priorities for its sustainable finance work:
1. Tackling greenwashing and promoting transparency;
2. Building National Competent Authorities’ (NCAs) and ESMA’s capacities in the sustainable finance field; and
3. Monitoring, assessing and analysing ESG markets and risks.

Yesterday, the Consob, the Italian competent authority appointed to collect the Key Investor Document (KID) under the PRIIPs Regulation published modifications to its technical documentation related to its ex-ante submission.

Today, the European Commission published in the Official Journal of the European Union a Corrigendum of the new PRIIPS KID RTS (Commission Delegated Regulation (EU) 2021/2268 of 6 September 2021).

On 8 February 2022, the ESMA announced the launch of a common supervisory action (CSA) with national competent authorities (NCAs) on the application of MiFID II costs and charges disclosure rules across the European Union.

Yesterday, the FinDatEx publishes the EPT revised in accordance with the new PRIIPs RTS published in last December-

The ESMA published last week a non-binding Supervisory Briefing to ensure convergence across the European Union (EU) in the supervision of firms using tied agents, in particular those based outside the EU.

In compliance with the CBDF Regulation, on 2nd of February, the ESMA published on its website the hyperlinks to the websites of competent authorities where they publish complete and up-to-date information on the applicable national laws, regulations and administrative provisions governing marketing requirements for AIFs and UCITS and their summaries, the hyperlinks to the websites of competent authorities where they publish and maintain complete and up-to-date list of the fees and charges they levy for carrying out their duties in relation to the cross-border activities of fund managers.

On 2 February 2022, the FSMA, the financial service and market Authority (FSMA) in Belgium published a guidance on the application of the ESMA Guidelines on marketing communications under the Regulation on cross-border distribution of funds.

The AMF, in connection with its statement of compliance to the ESMA Guidelines on marketing communications under the Regulation on cross-border distribution of funds, published yesterday a new version of its Policy DOC-2011-24 “A guide to drafting collective investment marketing materials and distributing collective investments” The Policy is currently only available in French language.