Regulatory notices

On the 9th October 2020, the Central Bank issued the 35th edition of the Central Bank AIFMD Q&A, which includes a new Q&A ID 1133 in relation to liquidity stress testing in AIFs.

As you will have probably heard already on the market, the Regulatory Technical Standard (Level 2) on Sustainable Finance Disclosures Regulation will be delayed and made applicable later, more than probably in 2022.

The Central Bank of Ireland (CBI) recently communicated on the updated levies to be paid by investment funds and fund management companies. Although the structure of the levies remains the same as in 2018, these are subject to an increase and are applicable for 2020 based on December 2019 situation.

The European Commission disclosed two important projects on Thursday 24 September 2020 impacting the European finance landscape: the Digital Finance and the new Capital Market Union plans.

The Luxembourg official gazette, the Memorial, published yesterday the Law of 23 September 2020 on measures concerning the holding of meetings in companies and other legal persons in the context of the Covid-19 pandemic.

On 21 September 2020, the Joint Committee of the European Supervisory Authorities published a Survey on templates for environmental and/or Social financial products in the context of the drafting of the RTS of the Sustainable Finance Disclosures Regulation.

In July 2020, the HM Treasury published an update of its Policy Statement on PRIIPs regulation applied to onshored PRIIPs.

Last week, the FCA published its revised Regulatory Initiatives Grid initially launched in May 2020. Based on the comments of the audience the presentation of this grid has evolved a bit.

Yesterday, the CSSF published a consolidated version of its CSSF Circular 17/650 amended by the new Circular 20/744 published earlier in July.