Regulatory notice

On 23 June 2022, the ESMA published an updated version of its AIFMD Memorandum of Understanding signed between European Member States and third country authorities.

In this table, we have identified the following changes (compared to 3 Sept 2021 table):

On the 21st of June 2022, the CSSF published a Frequent Asked Questions on the Circular CSSF 22/811 on UCI Administrators.

On 20 June 2022, the CSSF published its user guide to the new eDesk module dedicated to the fund passporting.

As foreseen in the publication of Circular 22/810 issued on 12 May 2022 in the context of the Cross Border Distribution of Funds Regulation (CBDFR), the CSSF has made available the User’s Guide of the “ePassporting” module and will open the module on 1 July 2022 to AIFs in a first stage.

The Consob updated its KID PRIIPs ex-ante submission technical documentation on Friday 17 June 2022.

On 16 June 2022, the CSSF published it technical guidance for the UCITS Risk Reporting for the first half period 2022.

Yesterday, the Commission de Surveillance du Secteur Financier published a reminder of the latest publications of the European Commission and of the ESAs on sustainable finance regulations:

On 14 June 2022, the Luxembourg Commission de Surveillance du Secteur Financier published a working paper on the Assessment of Investment Funds’ Liquidity Management Tools.

This working paper was prepared as part of a joint research project on the effectiveness of liquidity management tools by CSSF and Bank of International Settlements employees.

The analysis focuses on the following tools:

On 10 June 2022, the Hong Kong Securities and Futures Commission launched a consultation on proposed amendments of the Enforcement-related Provisions of the Securities and Futures Ordinance.

On 10 June 2022, the ESMA published an updated compliance table.