Events listed in Alternative Investment Fund Managers Directive (AIFMD)
Prudentiele aandachtspunten bij aanvragen en in het doorlopend toezicht
ID 24115
The Dutch Central Bank (DNB) has issued a factsheet to provide further clarification on certain prudential considerations related to investment firms and investment management companies. This move is prompted by instances where prudential laws and regulations are not correctly interpreted in practice. Incorrect interpretations can result in delays or even jeopardize the issuance of licenses or no-objection certificates. Moreover, such misinterpretations may lead to ...
Nałożenie kary pieniężnej na Rockbridge TFI
ID 23747
The Polish Financial Supervision Authority (KNF) has issued a press release to inform of the imposition of a fine on Rockbridge Towarzystwo Funduszy Inwestycyjnych SA (in brief Rockbridge) located in Warsaw in connection with wrong assessments of fund management fees. Specifically, Rockbridge charged the investment fund „Alter Fundusz Inwestycyjny Zamknięty Multi Strategia“ with management fees for investments in other investment funds managed by the ...
[ESMA34-32-352] Q&A on the Application of the AIFMD
ID 23701
ESMA published an updated version of its Questions and Answers (Q&As) on the application of the Alternative Investment Fund Managers Directive (AIFMD). ESMA added 5 questions in Section II, IV and VII of the document which reads as follows (the following text is quoted): — #### Section II: Notifications of AIFs **Question 9: Where an investment strategy is developed by a third party (the ...
[2013/1358 ] AIFMD reporting IT technical guidance (rev 6) [updated]
ID 23623
ESMA has published an updated version of its AIFMD reporting IT technical guidance which supplements the files and data to be reported under Article 24(1), Article 3(3)(d), Article 24(2) and Article 24(4) of the AIFMD. This includes, but is not limited to the following: – the reporting of main instruments in which an AIF is trading and on the principal exposures and most important ...
W sprawie ING Banku Śląskiego WSA orzekł na korzyść KNF
ID 23465
The Polish Financial Supervision Authority (KNF) has published a press release in which it informs that the Provincial Administrative Court (WSA) in Warsaw has confirmed the decision of the KNF and thus dismissed a corresponding complaint as regards a fine that was previously imposed on ING Bank Śląski SA for not duly exercising its control over fund valuation matters and for performing its depository ...
[ESMA34-32-352] Q&A on the Application of the AIFMD
ID 23429
ESMA has published an updated version of its Questions and Answers on the application of the AIFMD. Specifically, ESMA added one Section XVII to the document relating to Marketing – full quote: #### Section XVII: Marketing Question 1: Are non-EU AIFMs allowed to carry out pre-marketing activities pursuant to Article 30a of the AIFMD? (new) // page 62 Answer 1: No, Article 30a of ...
W sprawie Ulmus SA (dawniej Saturn TFI SA) WSA orzekł na korzyść KNF
ID 23380
On May 24, 2023, the Polish Financial Supervision Authority (KNF) published a press release to inform that the Provincial Administrative Court (WSA) upheld the KNF’s decision over a penalty and the revocation of the license of Ulmus SA (formerly Saturn TFI SA). Specifically, the court confirmed that the decision made by the KNF was adequate and in line with Polish rules and regulations as ...
NSA uznał stanowisko KNF i odrzucił skargę BGŻ BNP Paribas ws. Raiffeisen Bank
ID 23104
On May 4, 2023, the Polish Financial Supervision Authority (KNF) published a press release to inform that the Supreme Administrative Court dismissed a complaint made by BGŻ BNP Paribas as regards the KNF’s decision over a penalty on Raiffeisen Bank Polska SA that was imposed in 2018. Specifically, back then, the KNF fined the Raiffeisen Bank PLN 500,000 for violating Article 72 of the ...
Informacja w sprawie nałożenia prawomocnej sankcji administracyjnej na Raiffeisen ...
ID 23036
On April 28, 2023, the Polish Financial Supervision Authority (KNF) published a press release to inform that the Supreme Administrative Court upheld the KNF’s decision over a penalty on Raiffeisen Bank Polska SA (currently Raiffeisen Bank International Aktiengesellschaft in Vienna) that was imposed in 2018. Specifically, back then, the KNF fined the bank PLN 50,000,000 for violating §7 of the [Regulation of the Council ...
W sprawie Raiffeisen Bank Polska NSA orzekł na korzyść KNF
ID 22875
On April 21, 2023, the Polish Financial Supervision Authority (KNF) published a press release to inform that the Supreme Administrative Court upheld the KNF’s decision over a penalty on Raiffeisen Bank Polska that was imposed in 2018. Specifically, back then, the KNF fined the bank PLN 5,000,000 for repeatedly violating Article 10 of the *Act of 27 May 2004 on investment funds and management ...