Regulatory notices

The European Commission opened a public consultation on 8 June 2020 on different financial regulatory frameworks in the context of sustainable finance covering among others insurance and asset/investment management sectors. This wide online consultation will last till 6 July 2020.

On Friday 5 June 2020, the CSSF has published a Communiqué on the European Systemic Risk Board (ESRB) Covid-19 related policy actions – implication for investment funds.

On 4 June 2020, ESMA published a “Supervisory briefing on the supervision of costs in UCITS and AIFs” the aim is promoting convergence on the supervision of costs of these financial products.

On 2 June 2020, BCL published on its website an updated of its Non-regulated alternative investment fund registration form.

On 28 May 2020, ESMA published an updated version of its “Questions and Answers on MiFID II and MiFIR investor protection and intermediaries topics”.
A new question has been added in the Inducements section of the document.

On 19 May 2020, the Decree Law adopted by the Italian Government for among others the relaunch of the Italian economy in consequence of the Covid-19 crisis has been published in the Ufficiale Gazette.

The FCA has recently closed its Consultation Paper 20/06 on the regulatory fees and levies payable for the period 2020/2021.

CSSF communicated yesterday on measures to be taken by the financial sector under its supervision in the context of the relaxed lockdown.

ESMA communicated yesterday on its adhesion to the recommendations provided by the European Systemic Risks Board on liquidity risks in investment funds in the context of the Covid-19 crisis.