- Eligible Investors: Units of Simplified Investment Funds may
CMA Approves Instructions of Simplified Investment Funds
Commission targeted consultation on private equity exits
- Possible barriers or issues for exiting private equity investments in the EU. The Commission is seeking to uncover whether EU investors face difficulties when seeking exit of their stake in a private company. It also seeks
Published in OJ – Commission Delegated Regulation (EU) 2026/466 of 17 November 2025 supplementing UCITS Directive specifying the characteristics of liquidity management tools
On 27 February 2026, there was published in the Official Journal of the European Union (OJ), Commission Delegated regulation (EU) 2026/466 of 17 November 2025 supplementing the Undertakings for Collective Investment in Transferable Securities Directive with regard to regulatory technical standards specifying the characteristics of liquidity management tools.
Commission Delegated Regulation (EU) 2026/466
Published in OJ – Commission Delegated Regulation (EU) 2026/465 supplementing AIFMD specifying the characteristics of liquidity management tools
On 27 February 2026, there was published in the Official Journal of the EU (OJ), Commission Delegated Regulation (EU) 2026/465 of 17 November 2025 supplementing the Alternative Investment Fund Managers Directive with regard to regulatory technical standards (RTS) specifying the characteristics of liquidity management tools.
Commission Delegated Regulation (EU) 2026/465 will
Treasury consults on reforms to strengthen governance of managed investment schemes in Australia
On 10 February 2026, the Australian Treasury (Treasury) published a consultation paper titled Enhancing oversight and governance of managed investment schemes which seeks feedback on proposals to strengthen governance, compliance and regulatory oversight of registered managed investment schemes (MISs) in Australia.
Background
Approximately $2 trillion is currently invested in MISs, with
Commission issues consultations on the EU venture and growth capital funds reform
On 15 January 2026, the European Commission issued both a targeted and public consultation to collect stakeholder feedback on the barriers that arise from the application of the European Venture Capital Funds Regulation (EuVECA), the Alternative Investment Funds Directive (AIFMD) and Member State national legal frameworks for investment funds, together with
ESMA updates guidelines on stress test scenarios under the MMF Regulation
On 13 January 2026, the European Securities and Markets Authority (ESMA) issued a Final Report containing updated guidelines on stress test scenarios under the Money Market Funds Regulation (MMF Regulation).
The MMF Regulation provides that ESMA shall develop guidelines with a view to establishing common reference parameters of the stress test
Draft act on the new FGR definition and transitional regime published for consultation
On 15 December 2025, the Dutch Ministry of Finance has published the draft Act adjustment mutual fund for joint account (Wet aanpassing fonds voor gemene rekening, FGR Adjustment Act) for public consultation, which aims to revise the definition of the mutual fund for joint account (fonds voor gemene rekening, FGR
ESMA report on amended guidelines on LMTs of UCITS and open-ended AIFs
On 18 December 2025, the European Securities and Markets Authority (ESMA) issued a report which makes certain targeted amendments to its guidelines on liquidity management tools (LMTs) of UCITS and open-ended alternative investment funds.
The amendments focus on redemption gates and transition costs for anti-dilution LMTs and are intended to align
Draft implementation decree on financial services contracts concluded at a distance published for consultation
On 3 December 2025, the Dutch Ministry of Finance published the draft implementation decree on financial services contracts concluded at a distance (the Draft Decree) for consultation and amends the rules on the provision of information to consumers by financial service providers, investment firms, fund managers, crypto-asset service providers and crowdfunding service providers.
The