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 12 November 2024, the Dutch Authority for the Financial Markets (Autoriteit Financiele Markten, AFM) published its Consumer Monitor Investors report (Consumentenmonitor Beleggers). The key message in the report is that not all asset managers and investment advisors comply with the obligation to ask investors about their sustainability preferences. Only 25%
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
On 19 July 2024, the European Commission adopted a Delegated Regulation supplementing Regulation (EU) 2015/760 with regard to regulatory technical standards specifying when derivatives will be used solely for hedging the risks inherent to other investments of the European long-term investment fund (ELTIF), the requirements for an ELTIF’s redemption policy and liquidity management
The joint roadmap for implementing the Overseas Funds Regime (OFR), published by HM Treasury and the Financial Conduct Authority (FCA) in May 2024, indicated that the FCA’s final rules and guidance would be published shortly, before they enter into effect in July 2024.
In our new briefing, we outline the