On 26 June 2025, the European Securities and Markets Authority issued a Final Report on the UCITS Eligible Assets Directive (EAD).
We have published a new briefing note on the report, which covers the key issues and proposals, as well as the next steps for the UCITS EAD.
In the latest episode of our podcast series, Let’s talk asset management, Frank Herring and Simon Lovegrove discuss the proposals contained in the European Securities and Markets Authority’s Final Report on the UCITS Eligible Assets Directive.
Listen to the episode here.
On 11 July 2025, the European Securities and Markets Authority (ESMA) published a Final Report on revised guidelines on outsourcing to cloud service providers (CSPs).
Background
On 18 December 2020, ESMA published a Final Report on guidelines on outsourcing to CSPs. The guidelines are intended to help in-scope firms identify, address
On 26 June 2025, the European Securities and Markets Authority (ESMA) published a Final Report containing technical advice to the European Commission (Commission) on the review of the UCITS Eligible Assets Directive (UCITS EAD).
Background
Following a mandate from the Commission to provide technical advice on the review of
In the latest edition of our podcast series, Let’s talk asset management, Claire Guilbert, Hannah Meakin, Lucy Dodson and Simon Lovegrove discuss the similarities and differences between Luxembourg’s Reserved Alternative Investment Fund (RAIF) and the UK’s Reserved Investor Fund (RIF)
Listen to the episode here.
On 26 May 2025, the International Organization of Securities Commissions (IOSCO) published a final report on revisions to its 2018 Recommendations for Liquidity Risk Management for Collective Investment Schemes. Overall, IOSCO is publishing a total of 17 recommendations under a revised structure with six sections, namely the CIS Design Process, Liquidity Management
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