On 15 April 2025, the European Securities and Markets Authority (ESMA) published draft regulatory technical standards (RTS) and a final report on its guidelines on liquidity management tools (LMTs).
Background
The revised Alternative Investment Fund Managers (AIFMs) Directive (AIFMD) and Undertakings for Collective Investment in
On 7 January 2025, the European Securities and Markets Authority (ESMA) published a Final Report containing guidelines on stress test scenarios under the Money Market Funds Regulation (MMF Regulation). The guidelines apply in relation to Article 28 of the MMF Regulation and establish common reference parameters for the stress test scenarios
On 11 February 2025, the European Systemic Risk Board (ESRB) issued a report that provides a compliance assessment of the implementation of the ESRB’s recommendation of 2 December 2021 on reform of money market funds (MMFs). The recommendation was addressed to the European Commission (Commission) as is the report.
On 7 January 2025, the European Securities and Markets Authority (ESMA) published a Final Report containing guidelines on stress test scenarios under the Money Market Funds Regulation (MMF Regulation).
Article 28(7) of the MMF Regulation provides that ESMA shall develop guidelines with a view to establishing common reference parameters of the
On 12 December 2024, the European Securities and Markets Authority (ESMA) issued a consultation paper on draft regulatory technical standards (RTS) on open-ended loan originating alternative investment funds under the revised Alternative Investment Fund Managers Directive (AIFMD).
Background
On 25 March 2024, Directive (EU) 2024/927 amending the AIFMD and
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