Regulatory notices

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.

On 4th of December 2019, ESMA published a revised version of its Qand A on Application of the AIFMD.

As earlier anticipated, the “Chambre des Députés” adopted yesterday the draft Law.

Yesterday, ESMA published its compliance table on application of the Guidelines on stress tests scenarios under Arti 28 MMFR.