Regulatory notices

The Monetary Authority of Singapore (MAS) has updated its Collective Investment Schemes Code (CIS Code) as well as some other Notice and Guidance in connection with the recent introduction of the Variable Capital Companies.

Yesterday, the French Market Authority (AMF) released on its website the DOC-2020-03 – Position Recommendation on information to be disclosed by UCIs integrating non-financial approaches.

This regulation not only concerns the French domiciled funds but also foreign UCITS marketed in France.

Yesterday, CSSF has published a revised version of its UCI Frequently asked questions.

Two new questions on UCITS prospectus disclosure of the performance fee, the investment manager’s fee and the investment advisor’s fee to investors of a UCITS have been added within the document.

On 28 February 2020, the Hong Kong Securities and Futures Commission (SFC) released several updated Circulars, Frequent Asked Questions and checklists in asset management and especially in the context of the Mutual Recognition of Funds between Hong Kong and Luxembourg.

As a consequence of its continuous update and improvement process of its procedures, CSSF has updated its BMR questionnaire created in 2017 and published the new version on its website on 26/02/2020.

Yesterday, CSSF has published 3 amended files used in the process of fund authorisation in connection with AML /CFT.

Friday 21 of February, CSSF published a Press Release informing the public that the European Commission has launched a public consultation on possible reforms to the Markets in Financial Instruments Directive and Regulation (MiFID and MiFIR), which set out rules covering European securities markets.

On 21 February 2020, the AMF has published a revised Instruction DOC-2012-06 that was prior modified in 2017.

ESMA has published yesterday its AIFMD Memorandum of understandings (MoUs) table by EEA supervisory Authority (country) as of February 2020.