Events listed in opinion
AFM publishes position paper on improving the SFDR
ID 25638
The AFM has published a position paper aimed at improving the SFDR as part of the ongoing consultation by the European Commission for a legislative revision. AFM critizes that the definition of sustainable investments under 2(17) SFDR leaves room for a wide interpretation that is not always in line with investor expectations. Transparency is crucial for redirecting capital flows towards investments necessary for transitioning ...
Loi relative à l’industrie verte – Synthèse AFG
ID 25631
The AFG published an interpretation of the Law No. 2023-973 of 23 October 2023, which the French Assembly adopted and published the following day. This law, called the Green Industry Law, aims to promote the financing of the energy transition through savings products. The law paves the way for the adaptation of French law to new ELTIFs and facilitates their integration into life insurance. ...
AFME calls for EU Open Finance proposal to be fit for purpose
ID 25623
AFME has responded to the EC’s consultation on the EU Open Finance legislative proposal (eventid=21815). AFME expresses support for the EU’s goal of establishing a consumer-centric data-sharing ecosystem but underscores the necessity for key changes in the framework to fully realize its benefits. Emphasizing the centrality of trust, AFME calls for a secure data-sharing infrastructure and stringent safeguards, particularly for the newly proposed category ...
SFC welcomes new financial infrastructure for retail fund distribution in Hong Kong
ID 25620
Following an announcement by Hong Kong Exchanges and Clearing Limited (HKEX) on the development of an integrated fund platform for the distribution of retail investment funds in Hong Kong (EventID 23558), the Securities and Futures Commission (SFC) has published a related press statement. In this press release, the SFC strongly welcomes this initiative by the HKEX which aims to facilitate the entire distribution chain ...
Erstanwendung der CRR III muss verschoben werden
ID 25602
Die DK unterstützt nachdrücklich die Forderung der Europäischen Kreditwirtschaft (EBIC) nach mehr Zeit für die Umsetzung des EU-Bankenpakets (CRR III). Mit dem Paket sollen unter anderem die umfangreichen Regelungen zur Finalisierung von Basel III in der Europäischen Union umgesetzt werden. Nach den derzeitigen Planungen müssen diese von den Instituten bereits ab dem 1. Januar 2025 angewendet werden. Die DK fordert jedoch eine Umsetzungsfrist von ...
Protect consumers’ access to payment accounts
ID 25576
In view of the changing payment landscape in Sweden, the Swedish Ministry of Finance conducted a study on the current payment ecosystem and on the role of the Swedish state in such earlier this year. The results of the study triggered some proposed targeted amendments to numerous Swedish acts and regulations as outlined in the two enclosed statements. The Swedish financial market regulator, Finansinspektionen ...
Political decisions needed urgently so that everyone can pay
ID 25545
In view of the changing payment landscape in Sweden, the Swedish Ministry of Finance conducted a study on the current payment ecosystem and on the role of the Swedish state in such earlier this year. The results of the study triggered some proposed targeted amendments to numerous Swedish acts and regulations as outlined in the two enclosed statements. The Swedish Central Bank Riksbank has ...
ALFI responds to the EU Commission’s ‘have your say’ on the proposal for a ...
ID 25536
ALFI responded to the EU Commission’s ‘have your say’ on the proposal for the proposed regulation on Financial Data Access (FiDA) and amending regulations (EU) No 1093/2010, (EU) No 1094/2010, (EU) No 1095/2010 and (EU) 2022/2554. ALFI represents the Luxembourg asset management and investment fund community and emphasizes the importance of considering the impact of the proposed regulation on the fund industry. The document ...
Stellungnahme zur EBA-Konsultation zum Entwurf der Leitlinien zur Erstellung ...
ID 25524
Die DK veröffentlicht ihre Stellungnahme zur EBA-Konsultation zum Entwurf der Leitlinien zur Erstellung nationaler Listen oder Register von Kreditdienstleistern. Diese Leitlinien sind darauf ausgerichtet, Transparenz für Käufer und Nehmer von Krediten zu verbessern und einheitliche Wettbewerbsbedingungen in der EU zu schaffen (eventid=22435). Es wird grundsätzlich die Schaffung von EU-weiten, harmonisierten Registern von der DK unterstützt, jedoch mit dem Hinweis, dass nicht ...
ALFI statement on the conclusion of trialogue negotiations concerning the AIFMD ...
ID 25514
ALFI published as statement on the conclusion of trialogue negotiations concerning the AIFMD review, a process initiated over three years ago following various reports and consultations by the European Commission. While the primary focus was on managers of alternative investment funds, revisions to several provisions of the UCITS Directive have also ensued. **The revised directives will impose increased information requirements upon the authorization of ...