Based on a first draft of the Italian Budget Law for 2021 the Italian government is proposing an amendment to Article 27 of Italian Presidential Decree No. 600 of 29 September 1973 in order to provide that Italian-source dividends paid to collective investment funds compliant with Directive 2009/65/EC (“UCITS”) […] Click here to view original […]
The speech focuses on two key topics for the asset management sector; delegation in light of the end of the Brexit transition period and sustainable finance. Topics covered in the speech included: The European Commission’s review of the Alternative Fund Managers Directive, focusing on the need to recognise the […] Click here to view original […]
ESMA newsletter Welcome to the 18th edition of ESMA’s newsletter. Since our last newsletter, key publications have been ESMA’s report on Wirecard, the Share Trading Obligation (STO) and the Derivatives Trading Obligation (DTO) statements and the first statistical report on EU securities markets. More, throughout the month we released […] Click here to view original […]
Loans qualifying as money market instruments can no longer be held by UCITS funds. On 7 August 2020, the CSSF completed its FAQ on the UCI Law by adding question 1.13 on the eligibility of loans. The CSSF states that loans no longer constitute eligible investments for UCITS. The […] Click here to view original […]
(NEWSManagers.com) – Les frais moyens pondérés par les encours des fonds actions et obligataires Ucits ont baissé respectivement de trois et un points de base en 2019, selon une étude d’ICI Global. The Investment Company Institute Global (ICI Global) a publié son étude annuelle sur les frais de gestion […] Click here to view original […]
IOSCO today published a diagnostic report analyzing the events that occurred in the Money Market Funds (MMFs) sector during the market turmoil in March 2020. Simultaneously, IOSCO published a thematic review assessing the implementation of selected IOSCO recommendations issued in 2012 to strengthen the resilience of MMFs globally.