Tag: Asset management

ESRB letter on issues raised with AIFMD

On 5 February 2020, the European Systemic Risk Board (ESRB) published a letter to John Berrigan, Director General for Financial Stability, Financial Services and Capital Markets Union at the European Commission, regarding shortcomings of the current framework of the Alternative Investment Fund Managers Directive (AIFMD). The letter highlights areas for improvement in AIFMD reporting ahead … Continue Reading

ESG: German regulator publishes guidance notice on sustainability

The German Federal Financial Supervisory Authority (BaFin) has issued a guidance notice on dealing with sustainability risks (ESG Guidance Notice). The binding German version was published on 20 December 2019 and later editorially modified on 13 January 2020. Further, BaFin has now also made available an English convenience translation. The German regulator had launched a consultation based on … Continue Reading

FCA report on asset management portfolio tools

On 13 January 2020, the FCA published a new webpage setting out its findings on how asset management firms select and use risk modelling and other portfolio management tools. The basis for the review was to identify and manage relevant risks in the industry and assess how asset management firms utilised the tools and models … Continue Reading

New Global Asset Management webinar: Europe – Member State domestic regimes

In the second webinar of our global asset management series, our team from the UK, Germany, France, the Netherlands, Italy and Luxembourg provide their insight and views on their domestic regime’s approach to marketing, investors and structure. The webinar can be viewed here. For further information, please visit our Asset Management Regulation hub that houses … Continue Reading

KAIT: German regulator publishes circular on supervisory requirements for IT in fund management companies

The use of IT is of fundamental importance for the finance industry. After having already published two circulars on supervisory IT requirements for financial institutions and insurance undertakings in the past (BAIT and VAIT), the German Federal Financial Supervisory Authority (Bundesanstalt für Finanz­dienst­leistungs­aufsicht – BaFin) has now also published a circular on the supervisory requirements … Continue Reading

Asset management in South Africa – Ten things to know

1. Licensing of asset managers South African asset managers must register as financial service providers (FSPs) with the Financial Services Board (FSB) under the Financial Advisory and Intermediary Services Act (FAIS). Any person carrying on asset management business in South Africa, or from abroad directed at South African clients, whether in a discretionary or non-discretionary capacity … Continue Reading