Regulatory notices

CSSF has updated several forms to be used by funds to communicate to CSSF their persons appointed as responsible of compliance of AML-CFT and responsible of the control of compliance of AML-CFT.

CSSF communicates on the report of the Q1 and Q2 reporting (Art 37 MMFR) to September 2020 but encourages firms to submitt them earlier if they can.

The Securities and Futures Commission (SFC) in Hong Kong has updated its procedures for fund authorisation application and the post-authorisation requirements in consequence of the COVID – 19 outbreak.

FCA updated its webpage related to the new data collection system that will replace Gabriel soon.

On 31 March, ESMA published the awaited Consultation Paper on cross border distribution of funds following the adoption last year of the Regulation 2019/1160 addressing a certain number of issues in this context.

Last Friday, ESMA published on its website a Consultation Paper on Guidelines on Article 25 of AIFMD.

Yesterday, the Luxembourg Government submitted to the “Chambre des Députés” a draft Law related to the extension of certain deadlines foreseen in sectorial financial laws during the state of crisis.

ESMA has published a public statement to ensure coordinated supervisory actions needed in response to the effect of the COVID-19 outbreak and its consequences on supervised entities on the application of SFTR, and in particular on the requirements regarding the reporting start date.

Yesterday, the Securities and Futures Commission (SFC) in Hong Kong has adopted the same measures as the CSSF did in terms of swing pricing mechanism and anti-dilution levy in the context of high volatility on the financial markets due to the COVID-19 crisis.