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 30 June 2025, the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, the AFM) issued a sector letter addressed to alternative investment fund managers (AIFMs) operating under the so-called ‘light’ regime. These light AIFMs are exempt from the licensing requirement under the EU Alternative Investment Fund Managers Directive
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
AIFMD 2: Quick guide to Member State activity
On 26 March 2024, the final legislative text of the Alternative Investment Fund Managers Directive 2 (AIFMD 2) was published in the Official Journal of the EU. The publication marked the conclusion of the AIFMD Review process that formally began in 2020. AIFMD 2 amends
On 11 June 2025, the Australian Securities and Investments Commission (ASIC) published the opening remarks that its chair, Joe Longo, gave at the ASIC Symposium on Australia’s Public and Private Markets.
Background
The opening remarks follow ASIC’s publication of a discussion paper in February 2025 which seeks engagement from stakeholders on important issues
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 8 May 2025, the Financial Conduct Authority (FCA) published the findings from its review of business models for smaller asset managers and alternatives.
Background
The FCA carried out the review as part of its plans to focus on smaller firms to identify business models that pose greater risks of harm to
On 30 April 2025, the Financial Conduct Authority (FCA) updated its webpage for consultation paper CP24/8 on extending the Sustainability Disclosure Requirements (SDR) and investment labels regime to portfolio management.
Background
The FCA has previously published a consultation paper, CP22/20, and subsequent policy statement PS23/16 which introduced a package of