Regulatory notices

Yesterday, the plenary session of the European Parliament voted and adopted with a large majority 2 reports related to the PRIIPs KID. (Refer to page 8 of the document attached)

On 19 November 2021, the European Securities and Markets Authority published an updated version of its Q&A on MiFID II and MiFIR investor protection and intermediaries’ topics.

Only one question has been added in the Product governance section of the document.

Beginning of November, the Banque de France has updated several technical documents on the new data collection OPC2 that will be effective next year on its OneGate portal.

On 3 November 2021, the FCA published a discussion paper seeking initial views on new sustainability disclosure requirements for asset managers and FCA-regulated asset owners, as well as a new classification and labelling system for sustainable investment products.

The consultation lasts till 7 January 2022.

On 10 November 2021, the French “Autorité des Normes Comptables » published a new Regulation on the annual accounts of undertakings for French real estate collective investment funds (OPCI).

Yesterday, the CSSF published yesterday a FAQ on the U1.1 Reporting, the monthly reporting dedicated to the UCIs, SIFs and Sicars.

On 3rd of November 2021, the CSSF updated its UCI Law of 17 December 2010 and Money Market Funds Regulation Frequent Asked Questions on the holding of ancillary liquid assets by UCITS foreseen under article 41 (2) b) of the Law of 17 December 2010.

The Central Bank of Ireland updates its AIFMD Q&A on 22 October 2021.

On 14 October 2021, the ECON Committee of the European Parliament published the draft report on the amendment of the UCITS Directive as regards to the use of the PRIIPS KID at the end of the exemption period proposed by the European Commission.