Events listed in information
[ESMA34-46-101 ] Register of authorised European long-term investment funds (ELTIFs)
ID 26191
ESMA has published the latest data – as of 11 December 2023 – on registered ELTIFs. Pursuant to Article 3, Paragraph 3, Sub-Paragraph 2 of the ELTIF Regulation, ESMA is required to make this data available to the public in an electronically readable format. Please note that the first tabulator contains the information on the data field formats which will **enable firms to adjust ...
Bundesrat will mit Einführung der OECD-Mindeststeuer zuwarten
ID 26189
Der Schweizer Bundesrat hat angekündigt, mit der Einführung der OECD-Mindeststeuer zu warten. Obwohl er erwartet, dass die Mehrheit der EU- und Industriestaaten die OECD-Mindeststeuer bis zum 1. Januar 2024 einführen wird, will die Schweiz ihre Entscheidung bis zum letzten Moment hinauszögern, um zu sehen, ob auch konkurrierende Standorte die Steuer einführen. Im weltweiten Kampf gegen Steueroasen haben sich 140 Länder darauf geeinigt, große Konzerne ...
Umowa leasingu konsumenckiego, a wpis do rejestru instytucji pożyczkowych
ID 26174
Starting from 1 January 2024, the activities of lending institutions in the field of granting consumer loans will be subject to the supervision by the Polish KNF. Any leasing contractor, where the customer is obliged to purchase the item mentioned in the contract, shall be defined as a lender. The same applies to contracts independent from leasing contracts. In case the lender falls under ...
La notation „AAA“ du Luxembourg confirmée par Scope Ratings et Fitch ...
ID 26171
The Grand Duchy of Luxembourg has been awarded a AAA credit rating by Scope Ratings and Fitch Ratings, with a stable outlook. This rating reflects the country’s strong financial position, which is based on solid economic fundamentals and prudent fiscal management. The resilience of Luxembourg in the face of recent health and inflation crises is highlighted by Scope Ratings, while Fitch Ratings emphasizes the ...
Libya: Council Regulation (EU) 2016/44 concerning restrictive measures in view of ...
ID 26164
A new consolidated version of Council Regulation (EU) 2016/44 concerning „restrictive measures in view of the situation in Libya“ was published in the Official Journal (OJ) of the EU. The consolidated version contains the amendments made by Council Implementing Regulation (EU) 2023/2504 which modified Annex II to the 2016 Regulation containing a list of natural and legal persons, entities, and bodies subject to asset ...
Preparing for the future of Consumer Investments
ID 26161
The Financial Conduct Authority (FCA) has published a statement in which it outlines its approach to the „future of consumer investments“, that is it’s approach to any future rules and regulations to enhance the safeguards, information, accessibility, and experience in relation to retail investments. The FCA thereby points out five primary areas of focus which are briefly described below: ##### *Areas of focus in ...
Anniversary of Edinburgh Reforms marks further progress
ID 26158
Further changes to financial services are announced in commemoration of the one-year anniversary of the Edinburgh Reforms (eventid=18802). Over the past year, the government has delivered 22 out of 31 reforms, emphasizing the UK’s dedication to creating an innovative and competitive global financial center. The reforms include overhauling regulation of prospectuses, enhancing investor information, and taking advantage of regulatory freedoms post-Brexit. A two-day trip . ...
Letter from Dan Curtis: 2023 Thematic review of expected underwriting profit ...
ID 26155
Dan Curtis, the Head of Division from General Insurance Risk Specialists of PRA writes a letter to Chief Risk Officers of general insurance firms regulated by the PRA regarding the key findings from the thematic review. At the moment, many firms seem to assume „increasing underwriting profits within their approved Internal Models (IM)“, which leads to a reduction of SCR without a justification. PRA ...
Consumer Investments data review April 2022 – March 2023
ID 26153
Alongside the 2-year update on the Consumer Investments Strategy (see eventid=24379), the FCA has published a report where they describe how they tackle consumer harm in the UK in the period between April 2022 – March 2023. FCA lists the following main achievements regarding this topic: – stopped unreliable investment firms from entering the market – published alerts on untrustworthy firms and individuals – ...
Central African Republic: New consolidated version of Council Regulation (EU) No ...
ID 26144
A new consolidated version of Council Regulation (EU) No 224/2014 as regards sanction measures „in view of the situation in the Central African Republic“ was published in the Official Journal (OJ) of the EU. The consolidated text thereby includes the modifications made by Council Regulation (EU) 2023/2506 which removed the notification requirements in relation to the permissible financing and / or brokerage of ...