Events listed in Alternative Investment Fund Managers Directive (AIFMD)
AIFMD Q&A
ID 22675
The Central Bank of Ireland (CBI) has issued the 47th Edition of its AIFMD Q&A, revising ID 1145 (page 23) on whether RIAIFs or QIAIFs can invest in crypto-assets. The CBI increased limits for indirect exposure to digital assets, allowing open-ended QIAIFs up to 20% of NAV and closed-ended or limited liquidity QIAIFs up to 50% of NAV. The pre-submission process for Qualifying Investor ...
CSSF communication on Liability Driven Investment Funds
ID 22661
The CSSF issued a communication, responding to the impact of the volatility in yields associated with UK Gilts in September 2022, which affected LDI Funds, by engaging with alternative investment fund managers managing LDI Funds in GBP to improve their resilience. As a reminder, the CSSF published a communication on 30 November 2022, informing relevant investment fund managers of measures to be taken in ...
Information Note on Liability Driven Investment Funds 29 March 2023
ID 22546
The Central Bank of Ireland (CBI) published an Information Note on Liability Driven Investment (LDI) Funds following the UK sovereign bonds market turmoil in September 2022 and its impact on UK pensions and LDI funds denominated in GBP. The CBI engaged with market participants and regulators in the UK and Europe, including CSSF and ESMA, and outlined minimum safeguards for LDI funds. These include ...
[ESMA34-466-295 ] The macro-prudential supervision of investment funds – from a ...
ID 22402
Verena Ross, Chair of ESMA, spoke at the ALFI Conference 2023 on the macro-prudential supervision of investment funds. She discussed the recent market developments in the investment management sector and its vulnerabilities, including liquidity mismatch and excessive leverage. She also addressed ongoing regulatory agendas at international and European levels, focusing on financial stability and macro-prudential supervision. Ross emphasized the need for risk monitoring and ...
Złożenie przez Mount TFI SA wniosku o ponowne rozpatrzenie sprawy
ID 22297
Following the decision to impose a fine of PLN 200,000 on Mount Towarzystwo Funduszy Inwestycyjnych SA (Mount TFI SA) in connection with the violation of investment restrictions pertaining to investments in any one issuer on February 10, 2023 (please see EventID 19629 for more information), the Polish Financial Supervision Authority (KNF) has published another press release in this context. Therein, the regulator informs that ...
Ostateczna decyzja ws. GetBack SA
ID 22279
The Polish Financial Supervision Authority (Komisja Nadzoru Finansowego, KNF) has published a press statement to inform that it is upholding its decision to fine Warsaw-based GetBack SA (now CAPITEA SA) as prescribed in the statement and to withdraw the company’s permission to manage securitized receivables in securitization funds. GetBack SA was previously penalized in 2020 due to its engagement in activities in excess of ...
[ESMA34-32-352] Q&A on the Application of the AIFMD
ID 22202
The European Securities and Markets Authority (ESMA) has published an updated version of its Questions and Answers (Q&As) on the application of the Alternative Investment Fund Managers Directive (AIFMD). Specifically, ESMA added one new Section with one new Question to the document relating to Exemptions (the following text is quoted): >Section XVI: Exemptions **Question 1: Article 3(2) AIFMD states the following: “Without prejudice to ...
Nałożenie kary pieniężnej na Mount TFI SA
ID 21930
The Polish Financial Supervision Authority (KNF) has issued a press release to announce the imposition of a fine on Mount Towarzystwo Funduszy Inwestycyjnych SA (Mount TFI SA) in connection with the violation of investment restrictions pertaining to investments in any one issuer. Specifically, the firm did not observe the investment restrictions under Article 145 of the *Act of 27 May 2004 on investment funds ...
Ostateczna decyzja ws. Eques Investment TFI SA
ID 21836
The Polish Financial Supervision Authority (KNF) has issued a press release to inform of its final decision in the matter of Eques Investment TFI SA. Specifically, the KNF reduced the company’s fine from PLN 300,000 to PLN 240,000 after reconsideration of the case following its decision in 2018. To recall, in 2018 Eques Investment TFI SA was fined for breaching the investment limits pursuant ...
[2013/1358 ] AIFMD reporting IT technical guidance (rev 5) [updated]
ID 21376
The European Securities and Markets Authority, 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 Alternative Investment Fund Managers Directive (AIFMD). This includes, but is not limited to the following: – the reporting of main instruments in which an ...