Collective Investment Schemes

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

On 22 April 2024, the European Securities and Markets Authority (ESMA) published its opinion on the regulatory technical standards (RTS) under the revised European Long Term Investment Fund (ELTIF) Regulation. The revised ELTIF Regulation provides that ESMA shall develop draft RTS to determine in particular the following:

  • The circumstances

On 16 April 2024, the Financial Conduct Authority (FCA) published a new webpage on common errors made by firms when applying for authorisation to operate in the asset management sector. The webpage outlines common issues with recent applications, and states that firms wishing to operate in the sector should consider these points, alongside

On 26 March 2024, the Technology Working Group – an industry group established by the Government to examine the impact of technology on the UK’s investment management sector – published its second report, entitled ‘Further Fund Tokenisation: Achieving Investment Fund 3.0 Through Collaboration’.

The new report builds on the publication of the Group’s first

On 26 March 2024, the European Commission (the Commission) published a Communication on the intention to adopt, with amendments, a Commission Delegated Regulation supplementing Commission Delegated Regulation (EU) 2015/760. The regulatory technical standards (RTS) in the proposed Commission Delegated Regulation specifies obligations of European long-term investment funds (ELTIFs) and their

On 26 March 2024, there was published in the Official Journal of the EU, Directive 2024/927 of 13 March 2024, amending the Alternative Investment Fund Managers Directive and the UCITS Directive as regards delegation arrangements, liquidity risk management, supervisory reporting, the provision of depository and custody services and loan origination by alternative investment funds.

On 25 March 2024, the following Delegated Regulations were published in the Official Journal of the EU:

  • Commission Delegated Regulation (EU) 2024/911 of 15 December 2023 supplementing the UCITS Directive with regard to regulatory technical standards (RTS) specifying the information to be notified in relation to the cross-border activities of management companies and