Regulatory notices

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.

The Belgian financial market regulator communicated its supervisory fees for 2020.

Recently, ESMA announced the launch of a Common Supervisory Action (CSA) on UCITS liquidity management.

Tuesday 10 February 2020, CSSF launched the first stage of the Common Supervisory Action (CSA) by asking a large sample of Luxembourg-based UCITS managers to complete a dedicated questionnaire for all UCITS managed, i.e. Luxembourg domiciled UCITS and foreign domiciled UCITS.

A new Decree related to PEA and PEA PMI-ETI has been published in the French Official Gazette (JORF) on Friday 7/02/2020 and will enter into force on 01/07/2020.