Events listed in Asset Management
Communication on the publication of two notification templates to be completed when ...
ID 21519
On 19 January 2023, the Commission de Surveillance du Secteur Financier (CSSF) issued a press release, informing about „the publication of two notification templates to be completed when applying for the authorisation of an investment fund manager (IFM) to the CSSF, respectively when extending the activities of an existing IFM or modifying its shareholding structure“. The CSSF published two notification templates (as DOCX-files – ...
Thematic review of retirement income advice
ID 21517
The Financial Conduct Authority, FCA, has published a press statement to announce an upcoming thematic review of financial advisers engaged in the advising clients as regards pension fund investments. The key objective of the review it to assess the suitability of the advice given by financial advisers to customers to ensure adequate outcomes for such. The thematic review was previously postponed due to the ...
Verzeichnis der mindestreservepflichtigen Institute
ID 21516
Die Schweizerische Nationalbank (SNB) veröffentlicht das aktuelle Erhebungsformular (Meldewesen) für folgendes Fachgebiet: + Erhebungsgegenstand: Erhebung der mindestreservepflichtigen Bilanzpositionen sowie der anrechenbaren liquiden Aktiven gemäss Kapitel 3 (Mindestreserven) der Verordnung zum Bundesgesetz über die Schweizerische Nationalbank + Art: Vollerhebung + Auskunftspflicht: Alle Banken + Erhebungsstufe: Unternehmung + Periodizität: Monatlich (Unterlegungsperiode: 20 ...
Counter Terrorism Designation Removal
ID 21514
The Office of Foreign Assets Control (OFAC) has published a press release informing about new sanction measures. Specifically, the Office has removed three individuals (or rather three names) from its Specially Designated Nationals and Blocked Persons List (SDN List) that were previously sanctioned for their engagement in global terrorism pursuant to Statutory Instrument 31 CFR Part 594, the Global Terrorism Sanctions Regulations. Accordingly, the ...
Form 26 – Notice of Commencement of Business / Additional Regulated ...
ID 21513
The Monetary Authority of Singapore (MAS) has issued a revised form that must be lodged by (legal) persons that are exempt from holding a capital markets services license relating to the commencement of business or the performance of other activities which the person has not yet performed. The affected form is: [Form 26 – „Notice of Commencement of Business / Additional Regulated Activities by ...
[ESMA22-106-4384] SMSG Advice on Greenwashing
ID 21512
On 19 January 2023, the Securities and Markets Stakeholder Group (SMSG) published its response to the consultation by European Supervisory Authorities (ESAs‘) on greenwashing. At the end of November 2022, the ESAs (EBA, EIOPA & ESMA) run a consultation on the subject of greenwashing until 10 January 2023. The purpose of the consultation was to gather information on how to understand the main characteristics, ...
ESMA consults on post-trade transparency
ID 21511
The European Securities and Markets Authority (ESMA) started a consultation focusing on the new Level 3 guidance included in its future manual on post-trade transparency. This included matters pertaining to post-trade transparency to enhance the accuracy and usability of the released information, as well as the reporting to ESMA’s Financial Instruments Reference Data System (FITRS) for the accomplishment of the transparency calculations. The manual ...
AGB-Anpassungen in Bankverträgen massengeschäftstauglich und kundengerecht gestalten
ID 21510
Die Deutsche Kreditwirtschaft (DK) veröffentlicht ein Positionspapier mit dem Titel „AGB-Anpassungen in Bankverträgen massengeschäftstauglich und kundengerecht gestalten“ zum BGH-Urteil vom 27. April 2021 (XI ZR 26/20) zur Unwirksamkeit von AGB-Anpassungen per Zustimmungsfiktion. Das Urteil erklärt die in der Kreditwirtschaft übliche Praxis, Allgemeine Geschäftsbedingungen durch eine „fiktive Zustimmung“ anzupassen, für unwirksam. Laut DK, hat dies sow ...
FAQs – Publicly offered investment products: Investment-Linked Assurance ...
ID 21509
The Securities and Futures Commission of Hong Kong (SFC) has published revised frequently asked questions (FAQs) relating to Investment-Linked Assurance Schemes (ILAS), schemes under which life insurance policies are typically coupled with investment options (usually mutual funds shares). The FAQs address – among others – issues such as the application process for an ILAS product, documents to be provided in this context, time limits ...
Circular CSSF 23/829
ID 21508
On 19 January 2023, the Commission de Surveillance du Secteur Financier (CSSF) published Circular CSSF 23/829, to inform supervised entities about the application of the EBA Guidelines on the criteria for the exemption of investment firms from liquidity requirements in accordance with Article 43(4) of Regulation (EU) 2019/2033 (EBA/GL/2022/10), published on 29 July 2022. „Consequently, the CSSF has integrated the Guidelines into its administrative ...