On 14 November 2024, the European Securities and Markets Authority (ESMA) announced that it was launching a data collection exercise with Member State competent authorities on the costs linked to investments in alternative investment funds (AIFs) and UCITS.
The data collection exercise will have two stages:
In this latest episode of our podcast series, Let’s talk asset management, Claire Guilbert and Simon Lovegrove discuss European Long Term Investment Funds and the recent European Commission Delegated Regulation containing regulatory technical standards providing further guidance on the regime.
We have also published the following briefing notes on ELTIFs:
On 25 October 2024, the Commission Delegated Regulation (EU) 2024/2759 relating to European long-term investment funds was published in the Official Journal of the European Union (OJ). It enters into force on the day following its publication.
The Delegated Regulation contains regulatory technical standards (RTS) guiding ELTIF managers on how to
In this new briefing note, we will consider the dynamics of continuation funds as well as the key issues and industry-led best practices that sponsors need to keep on their radar when using them.
On 17 September 2024, there was published in the Official Journal of the EU a Corrigendum to Regulation 2023 as regards the requirements pertaining to the investment policies and operating conditions of European long-term investment funds and the scope of eligible investment assets, the portfolio composition and diversification requirements and the borrowing of cash and
On 19 July 2024, the European Commission adopted a Delegated Regulation supplementing Regulation (EU) 2015/760 with regard to regulatory technical standards specifying when derivatives will be used solely for hedging the risks inherent to other investments of the European long-term investment fund (ELTIF), the requirements for an ELTIF’s redemption policy and liquidity management
The joint roadmap for implementing the Overseas Funds Regime (OFR), published by HM Treasury and the Financial Conduct Authority (FCA) in May 2024, indicated that the FCA’s final rules and guidance would be published shortly, before they enter into effect in July 2024.
In our new briefing, we outline the
In the latest in our series of Global Regulation Tomorrow podcasts focusing on the future of asset management regulation in the UK, Claire Guilbert, Uzmah Yunis and Anita Edwards discuss the key practical points firms should be considering following the Financial Conduct Authority’s recent consultation on implementing the Overseas Funds Regime and subsequent developments.
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On 7 May 2024, the European Securities and Markets Authority (ESMA) issued a call for evidence on the review of the UCITS Eligible Assets Directive (UCITS EAD). The purpose of the call is to gather information to assess the possible risks and benefits of UCITS gaining exposure to various asset classes.
On 29 April 2024, the European Securities and Markets Authority (ESMA) issued a press release which outlines its advice to the Central Bank of Ireland (CBI) and the Commission de Surveillance du Secteur Financier (CSSF) on investment restrictions for GBP Liability-Driven Investment (LDI) funds to ensure their