On October 11, 2019, the Financial Conduct Authority published on its website some updates on the Temporary Permissions Regime (“TPR”). The updates relate to the addition of new EEA sub-funds to the regime after exit day and to the considerations to be taken into account by TPR firms and funds as part of the authorization process after exit day.
On September 27, 2019, the Dutch Authority for Financial Markets (“AFM”) published an updated fee in relation to the initial notification of AIFs schemes for distribution in the Netherlands.
Central Bank of Luxembourg has published an amended version of its Compendium of verification rules for the Security by Security reporting (SBS) of investment funds.
The new version dated September 2019 has introduced new verification rules between the BCL Security By Security reporting (SBS) and the CSSF monthly reporting (U1.1).
On September 26, 2019, the Dutch supervisory authorities for financial markets (AFM) published its new AIFM Q&A, in which there is an updated fee in relation to the initial notification of AIFMs for distribution in the Netherlands.
Recently, Central Bank of Ireland published a consultation paper related to the introduction of rules and guidance in relation to the treatment, correction and redress of errors in investment funds either UCITS or AIFM framework applicable to fund management companies and depositories.
Yesterday,CSSF published a press release related to the organisation of information sessions in October prior the introduction of a new exclusive on-line procedure to communicate with CSSF for the approval of new UCIs (UCITS, UCI Part II, SIF and SICAR).