Events listed in Undertakings for Collective Investment in Transferable Securities Directive (UCITSD)
ESMA publishes follow-up report to the peer review on the Guidelines on ETFs and ...
ID 23589
ESMA has released a follow-up report on the Guidelines on ETFs and other UCITS issues. The report assesses the progress made by NCAs in strengthening their supervisory practices and improving internal and external guidance since 2018. According to the report, NCAs have enhanced their supervisory practices and performed effective supervisory work in the area of ETFs and UCITS. They have implemented measures to address ...
ESMA reports points out improvements needed in supervision of asset valuation
ID 23391
ESMA has released its Final Report about the 2022 CSA on asset valuation, highlighting the need for improvements in the supervision of asset valuation. The report focuses on the CSA conducted with NCAs regarding the asset valuation rules under the UCITS and AIFM Directives. ESMA’s report identifies several areas where enhancements are required. These areas include the **appropriateness of valuation policies and procedures, valuation ...
ESMA calls for legislative amendments to prevent undue costs in funds
ID 23302
ESMA has published an Opinion calling for legislative amendments to prevent undue costs in investment funds, addressing the notion of „undue costs“ under the UCITSD and the AIFMD. The opinion aims to harmonize the understanding of undue costs among EU Member States, and prevent investors from being charged with excessive fees while ensuring appropriate compensation for investors. ESMA’s Chair, Verena Ross, emphasized the importance ...
New circular on the notification procedure for UCITS of another Member State of the ...
ID 22592
The FSMA published Circluar FSMA_2023_07 on the Notification procedure for undertakings for collective investment governed by the law of another Member State of the European Economic Area and fulfilling the conditions of Directive 2009/65/EC, aiming to provide a comprehensive overview of the regulatory framework and procedures for marketing units of foreign law governed UCITS in Belgium. The basis for Belgian legislation on UCITS is ...