Entries by Stéphane Le Roy

MFSA implements Fast-track Filing Procedure for Offering Documents of Collective Investment Schemes amended to comply with the Sustainable Finance Disclosure Regulations.

Following the entry into force of the Sustainable Finance Disclosure Regulation (” SFDR “) in December 2020, the provisions of the said Regulations will become effective on the 10 th March 2021. By way of background, the SFDR will require financial market participants and financial advisors to make pre-contractual […] Click here to view original […]

19 February 2021 /0 Comments/by

Details of Long-Term Asset Fund revealed

The Investment Association (IA) has outlined details of the planned Long-Term Asset Fund (LTAF), in the wake of the UK government’s commitment to enabling the new structure in the course of this year. The LTAF was proposed by the IA in its UK Fund Regime Working Group report in […] Click here to view original […]

19 February 2021 /0 Comments/by

performance fees in UCITS and certain types of AIFs (ESMA34-39-992)

ESMA34-45-1128 GUIDELINES COMPLIANCE TABLE Guidelines on performance fees in UCITS and certain types of AIFs (ESMA34-39- 992) The following competent authorities comply or intend to comply with ESMA’s Guidelines on Competent authority Complies or intends to comply Comments Member States AT Austria Financial Market Authority (FMA) Yes https://www.fma.gv.a t/en/eu/esma- […] Click here to view original […]

19 February 2021 /0 Comments/by

Sustainable finance – Are You Ready for 10 March 2021?

Sustainable finance has, after years of ongoing debate, finally come to the forefront of regulation within the EU. Until now, financial regulation has primarily required financial institutions to focus on financial risks for clients. Increasingly, there is a demand that such institutions look at investments’ sustainability risks and opportunities. […] Click here to view original […]

19 February 2021 /0 Comments/by

There’s no reason to go illiquid: Union Investment bond chief

The overwhelming levels of low or negative-yielding government debt have pushed many fixed income investors into uncharted territories. But that doesn’t mean they need to go headlong into illiquid assets to meet their liabilities, warns Christian Kopf, head of fixed income and FX at Union Investment. Speaking to Citywire […] Click here to view original […]

19 February 2021 /0 Comments/by

New Italian Tax Rules May Have Positive Impact on Private Equity Market

New tax rules on dividends have been introduced which should avoid infringement proceedings by the European Commission. Above: the Palazzo Montecitorio, Italy’s parliament building and office of the Chamber of Deputies, in Rome Francesco Bonichi of Caiazzo, Donnini, Pappalardo & Associati considers a new tax rule in Italy providing […] Click here to view original […]

19 February 2021 /0 Comments/by