Events listed in Alternative Investment Fund Managers Directive (AIFMD)
FAQ concerning the Luxembourg Law of 12 July 2013 on alternative investment fund ...
ID 26582
CSSF FAQ – LUXEMBOURG LAW OF 12 JULY 2013 ON ALTERNATIVE INVESTMENT FUND MANAGERS in its 21st version addresses various aspects of the Luxembourg Law of 12 July 2013 on AIFMs. The document covers transitional provisions, scope of authorized activities of AIFMs, depositary aspects, reporting requirements, impact of the PRIIPs Regulation, and other regulatory considerations. **The transitional provisions applicable to AIFMs and AIFs are ...
FAQ Virtual Assets – Undertakings for collective investment (Updated on 18.12.2023)
ID 26361
Th CSSF published an update to its FAQ Virtual Assets – Undertakings for collective investment. The FAQ covers the regulatory framework for investment in virtual assets by UCITS and AIFs in Luxembourg. It outlines the restrictions on UCITS and the conditions under which AIFs may invest in virtual assets. The document also details the authorization requirements for investment fund managers, considerations for mitigating money ...
Retail Investment Strategy: Positive elements for European Investors and ones that ...
ID 25953
EFAMA has actively engaged in the ongoing discussions surrounding the EC’s RIS, currently undergoing scrutiny within the EP and Council. EFAMA has highlighted several positive elements in the strategy, along with crucial areas that warrant reconsideration. Among the positive elements, EFAMA supports the integration of digital disclosure documents, promoting user-friendly technologies for enhanced accessibility. They also advocate for alignment across different financial ...
Central Bank published 49th Edition of the AIFMD Q&A
ID 25951
The AIFMD Q&A, first published on 16 May 2013 by the Irish Central Bank, recently came out in its 49th Edition. This Q&A aims to address anticipated questions related to the implementation of the AIFMD, providing guidance until definitive positions and practices are established. Not intended for assessing regulatory compliance, the Q&A is accessible through ‚Markets Update‘ and the Central Bank website, subject to ...
Central Bank publishes updated AIF Rulebook setting out additional capital ...
ID 25936
The Central Bank has published an updated AIF Rulebook, following a consultation (CP 152), which sets out additional capital requirements for AIFMs authorized to provide individual portfolio management services. The AIF Rulebook outlines the rules for Retail Investor AIFs, and the definitive rules for each Retail Investor AIF will be set out in its letter of authorization. The AIF Rulebook also outlines the **types ...
CP157 – Macroprudential measures for GBP liability driven investment funds
ID 25918
The Central Bank launched a consultation, proposing to codify and enhance the existing yield buffer measure for GBP LDI funds through Article 25 of the AIFMD. This proposal aims to strengthen the steady-state resilience of GBP LDI funds in response to vulnerabilities highlighted during the 2022 UK government bond market crisis. To address these vulnerabilities, the Bank of England implemented a temporary intervention in ...
CSSF communication on GBP Liability Driven Investment Funds consultation
ID 25917
The CSSF is seeking public input on a proposal to introduce macroprudential measures for GBP denominated LDI funds. This would be done through the use of Article 25 of the AIFMD, which covers information usage by competent authorities and limits on leverage. The need for these measures was highlighted during the **gilt market crisis in September 2022, which exposed vulnerabilities in GBP LDI strategies ...
Reporting according to Annex IV of Commission Delegated Regulation (EU) No 231/2013 ...
ID 25815
The CSSF has updated its technical guidance on AIFM reporting in light of the revised IT technical guidance introduced by ESMA in November 2023 (eventid=21637). The updated document, CSSF AIFM Reporting – Technical Guidance provides information on the different feedback files that senders of AIFM reporting receive and the CSSF’s checks on the reporting files. Notably, **certain fields have been made mandatory in the ...
PROVISIONAL AGREEMENT RESULTING FROM INTERINSTITUTIONAL NEGOTIATIONS Proposal for a ...
ID 25705
Following several months of informal negotiations between the representatives of the EP, the CEU and the EC, the EP has now published the provisional agreement on the legislative proposal for a Directive amending the AIFMD and the UCITS Directive, which is acceptable to both the Parliament and the Council. This provisional agreement still has to be adopted as part of the formal procedure. The ...
Newly agreed AIFMD & UCITS rules will improve the EU funds market
ID 25648
EFAMA congratulates the EC and co-legislators for maintaining the key elements of both directives during the review of AIFMD and UCITSD. The preservation of the delegation framework is seen as positive, offering investors broader access to investment opportunities and diversification. While the new rules introduce some reporting duplication for delegation to national authorities, it is expected to enhance transparency and provide supervisors with a ...