Events listed in Asset Management
Council Regulation (EU) 2023/2920 amending Regulation (EU) 2022/2578 as regards the ...
ID 26596
New Council Regulation (EU) 2023/2920 amending Regulation (EU) 2022/2578 concerning the extension of latter’s application was published in the Official Journal (OJ) of the EU. Regulation (EU) 2022/2578 establishes a temporary market correction mechanism (MCM) for trading derivatives linked to the Union’s virtual trading points (VTPs) in the context of gas trading. Specifically, the 2022 regulation addresses the challenges posed by severe difficulties in ...
New consolidated version: Council Regulation (EU) 2015/1755 concerning restrictive ...
ID 26595
A new consolidated version of Council Regulation (EU) 2015/1755 as regards sanction measures „in view of the situation in Burundi“ was published in the Official Journal (OJ) of the EU. This consolidated version includes the modifications made by Council Regulation (EU) 2023/2694 which inserted new Article 4a to provide a derogation from the terms and regulations on the freezing of funds or the making ...
Circular to Management Companies of SFC-authorised Exchange Traded Funds (“ETFs”) – ...
ID 26594
The Securities and Futures Commission of Hong Kong (SFC) has issued a new circular addressed at managers of exchange traded funds (ETFs). In this circular, the SFC outlines the key changes in an ETF that must be notified to investors in order to enable them to make informed investment decisions and to stay up-to-date on the key characteristics of a fund. Such changes include, ...
Counter Terrorism Designations
ID 26592
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures. Specifically, the Office added one individual and three entities to its Specially Designated Nationals and Blocked Persons List (SDN List) pursuant to existing sanction regulations (31 CFR Part 594 and Executive Order 13224) for their engagement in or the financing of „Houthi attacks on international shipping“. ...
Real Decreto 1180/2023 sobre sistemas de indemnización de los inversores, y de ...
ID 26591
The Royal Decree 1180/2023, enacted on December 27, 2023, brings about several adjustments to the Spanish financial regulatory framework, primarily focusing on modifications to the Investment Guarantee Fund (FOGAIN) and the implementing regulations for Law 35/2003 on collective investment schemes. The amendments aim to enhance the efficiency, competitiveness, and stability of the financial sector, aligning it with European directives while addressing specific challenges withi ...
MPFA Blog – Good stories about MPF Good stories about Hong Kong
ID 26590
As MPFA celebrates 23 years of operations in HK, its Chairman – Mrs Ayesha Macpherson Lau – looks back on the evolution of the system. She defines MPF system as one „designed as an employment-based, defined contribution system, which is financially sustainable and does not impose a burden on public finance“. Currently, 41 jurisdictions worldwide share a similar system policy. MPFA has also been ...
Haiti Sanctions: guidance
ID 26587
The UK government has published an updated version of its Haiti sanctions guidance relating to sanction measures imposed on Haiti pursuant to the Haiti (Sanctions) Regulations 2022 (SI 2022/1281). With this guidance, the government aims to support firms in their efforts to comply with the instrument and related sanction provisions. The guidance thereby covers numerous issues, ranging from the purpose and scope of the ...
FAQ CSSF – Questions/Réponses relatives à la loi du 17 décembre 2010 ...
ID 26585
The CSSF FAQ – LAW OF 17 DECEMBER 2010 and contains information related to the Luxembourg Law of 17 December 2010 on undertakings for collective investment (UCI Law). It includes updates and modifications made to the FAQ over time, with this version 17 published on 28 December 2023. The document covers various topics such as the eligibility of investments in the 10% limit of ...
Self-Regulatory Organizations; Municipal Securities Rulemaking Board; Notice of ...
ID 26584
The U.S. Securities and Exchange Commission, SEC, has published in the Federal Registered proposed rule change of the MSRB (Municipal Securities Rulemaking Board) in connection with the SEC’s amendments to Exchange Act Rule 15c6-1(5) to shorten the settlement process for most equity and corporate bond transactions, requiring the settlement of such transactions on a T+1 basis. The amendments aim to reduce operational risks and ...
List of non-legal corrections and clarifications in the FCA Handbook
ID 26583
The Financial Conduct Authority (FCA) has published an updated version of its List of non-legal corrections and clarifications in the FCA Handbook which contains changes the regulator has recently made to its Handbook which were NOT outlined in any corresponding instrument. The modifications are technical in nature, including corrections and adjustments primarily for clarification, correction, and regulatory alignment purposes. They do NOT alter current ...