Le cas d’un gestionnaire d’actifs bulgare transmis à la cour de justice de l’UE devrait préciser ce que la loi européenne entend par «éléments essentiels». La CJUE déterminera quels sont les «éléments essentiels» devant être mis à jour dans les prospectus des fonds Ucits. Quels «éléments essentiels» doivent faire […]
On 4 December 2020, the Dutch Supreme Court issued its judgment in a case where the main question was whether a product that was designated as individual asset management from a regulatory point of view could share in the VAT exemption for fund management. The Dutch Supreme Court ruled […]
(NEWSManagers.com) – Le gérant immobilier Olympia Capital vient de signer un partenariat de distribution avec le third party marketer My Funds Office, ont annoncé ce 2 décembre les deux sociétés. L’accord porte sur des stratégies immobilières couvrant l’Europe (Italie, Espagne, Estonie), un fonds d’immobilier New-Yorkais qui sera lancé en […]
The biggest trend in finance? Kenneth Lamont, senior analyst, passive strategies at Morningstar, analyses the dramatic rise of ESG ETFs this year History may well remember 2020 as the year of COVID-19, but for those operating in the European ETF market it may also be remembered as the year […]
Stephen Roberts of Davy Global Fund Management Luxembourg said buying Novacap Asset Management would “provide enhanced scale and capability in Luxembourg”. Photo credit: Rolling coverage: Technical glitch causes dashboard outage Davy Group, one of Ireland’s largest financial outfits, has bought Novacap Asset Management, a third party fund management company […]
The CSSF issued a press release on 7 December 2020 on the management of Luxembourg AIFs by UK AIFMs and the marketing of UK UCITS and AIFs in Luxembourg. UK AIFMs or impacted funds must take certain actions by 31 December 2020 at the latest to the extent no […]
The European Union (Shareholders’ Rights) Regulations 2020 implemented Directive (EU) 2017/828 into Irish law. Directive (EU) 2017/828 on the “encouragement of long-term shareholder engagement” is known as the second Shareholders’ Rights Directive (SRD II). It aims to ensure increased transparency and accountability and to encourage long-term shareholder engagement in […]
On 7 December, the Luxembourg Financial Sector Supervisory Authority (the CSSF) issued a press release which restates and/or clarifies some aspects of the end of the post-Brexit transitional period (31 December 2020). The key points of the press release are summarised below. Application of EU law – cessation of […]
The Prudential Regulation Authority (” PRA “) published a statement about its forthcoming policy statement on implementing the CRD V Directive ((EU) 2019/878). HM Treasury updated its webpage on a call for evidence relating to its review of Solvency II for insurance firms. The deadline for responding to the […]
The FCA has updated its website to explain its proposed process for adding a new sub-fund to an umbrella scheme that will be in the temporary marketing permissions regime (the “TMPR”). The TMPR applies to UCITS funds which were already passporting into the UK before 11pm on 31 December […]