Regulatory notices
On 26 February 2021, the Law of 25 February 2021 modifying the modified Law of 17 December 2010 on UCIs and other laws was published in the Memorial A, the official gazette of the Grand-Duchy of Luxembourg. This amendment shortens the transitory period for UK UCITS marketing their shares or units to retail investors in Luxembourg.
Last Friday, the CSSF released a new form to be used for the launch of a new subfund within an existing collective investment fund, simplifying the authorisation process.
Yesterday the ESAs published a Joint ESA Supervisory Statement on the application of the Sustainable Finance Disclosure Regulation.
Under the pressure of the European Commission Commissioner Mairead McGuinness, the ESAs finally reached an agreement on the draft PRIIPs KID RTS released in last summer.
On 4 February 2021, the Joint Committee of the ESAs published the final report on the draft RTS on Sustainable Finance Disclosures Regulation. The next step is the publication of the Regulation by the European Commission and its endorsement by the European Parliament and the Council.
The ESAs have proposed to apply these RTS as from 1st January 2022, excepted for the reporting on Scope 3 GHG emissions in Tables 1 and 2 of Annex I that shall apply from 1st January 2023.
We have considered that it has value to present the main changes adopted by the ESAs following the collection of the comments received during the consultation process launched last year in April. That is what you will find hereafter.
Last Friday, the FinDatEx Steering Group endorsed the final version of the EMT v3.1.
This version of the EMT will help exchanging ESG information under SFDR Level 1 from 10 March 2021.
The Belgian financial market regulator communicated its supervisory fees for 2021.
On Friday, the French financial market authority published a guide on the supervisory fees applicable in 2021.
Last week, the CSSF updated its eDesk User Guide related to the Weekly IFM questionnaire.