Regulatory notices
Consob has released its decision regarding the supervisory fees 2020.
In general, the calculation is based on 2019 activity.
On 17 January 2020, CSSF has published the NRA ML/TF sub-sector risk assessment on collective investments.
This report follows the National Risk Assessment done in 2018 that highlighted the AML/CFT risk of the CIS sector.
This appreciation has been confirmed by the FAT and the European Commission’s Supra-national risk assessment.
The content of this report has been elaborated by the CSSF with the contribution of the industry’ stakeholders.
As announced in our last notice issued on December 20, 2019, the CSSF has published the list of UCITS identifiers on January 15, 2020.
The deadline to report is February 15, 2020.
On 3 of January 2020, FINMA published the Ordinance setting the fees for the financial sector under its supervision.
As regards to collective investment schemes (CIS) and especially concerning the foreign CIS, the basic fee structure has evolved for 2020 compared to the previous years while the authorisation level of fee remains unchanged.
The adopted draft Law modifying Sepcav Assep implementing IORP II as well as amendment to the PRIIPs Law has been published in the Memorial A on 19 December 2019.
On 19 December 2019, the CSSF has published its guidance for the UCITS risk reporting as at 12/2019 covering the 2nd half of 2019. The deadline to report is set to February 14, 2020.
On 13 December 2019, the Austrian Financial Markets Authority (FMA) published its Annual Fees 2020 for both foreign UCITS and EU-AIFs registered for marketing in Austria.
ESMA published on 10 of December 2019 a Final Report – Draft regulatory technical standards under Article 25 of the ELTIF Regulation.
After 19 months from its presentation by the European Commission, the Regulation on sustainability‐related disclosures in the financial services sector was published in the Official Journal of the European Union on 9 December 2019. The Regulation will apply from 10 March 2021.