Events listed in [EFAMA] European Fund and Asset Management Association
Trade associations call for deletion of active account proposal in EMIR 3.0
ID 24867
A joint statement has been released by EFAMA and several major European trade associations regarding the proposed active account requirement under EMIR 3.0 by the EC. These associations express their opposition to the active account requirement, which would mandate all market participants to maintain active accounts at EU CCPs for clearing specific systemic derivatives contracts. Instead of supporting this requirement, the associations advocate for ...
EFAMA urges regulators to include third party ESG data providers in their new ...
ID 24826
EFAMA has responded to the EC’s proposed new framework for ESG rating activities to enhance transparency and empower investors. The proposal ensures fair fees for ESG ratings services and excludes ratings produced internally by regulated financial market participants. However, EFAMA urges the EC to consider the inclusion of ESG data providers and strengthening transparency: EFAMA recommends that the legislative framework cover both **ESG data ...
ESMA Consultation Paper on Draft Regulatory Technical Standards under the Revised ...
ID 24721
EFAMA responded to ESMA’s Consultation Paper, mentioning that the success of the newly revised ELTIF regime depends critically on the degree of flexibility that the ESMA maintains in its formulation of technical rules. The ELTIF framework has experienced remarkable expansion, witnessing a growth in the number of ELTIFs from a mere 20 in late 2021 to a substantial 95 as of August 2023, largely ...
Ensuring alignment between the Disclosure Requirements of Investee Companies and ...
ID 24095
EFAMA published a policy paper discussing the potential implications and inconsistencies in the draft ESRS Delegated Act, which affects investors and the Sustainable Finance legislative framework. The paper focuses on aligning ESG reporting in two key areas: the requirements of the SFDR, specifically the PAIs, and Transition Plans and targets. The CSRD is considered crucial for providing the financial sector with **better data on ...
Joint industry letter on corporate sustainability reporting
ID 24088
EFAMA, along with other organizations including Eurosif, PRI, and the IIGCC, has issued a joint statement urging the EC to uphold the integrity and ambition of the ESRS. The statement is supported by over 90 investors and financial market participants. The organizations express concerns about proposed changes to the ESRS that would move away from mandatory reporting of certain disclosure indicators, and instead subject ...
Asset Management
report / study
Open-ended funds and resilient capital markets – the perspective of the ...
ID 24056
EFAMA has published a report on the contribution of the European investment fund sector to the diversity and resilience of capital markets. The report challenges the notion that investment funds contribute to systemic risks and highlights their positive role in financing the real economy. Key findings from the report include: – While the investment fund sector as a whole is not considered systemically important, ...
ESMA Review of SFDR Delegated Regulation regarding PAI and financial product ...
ID 24055
EFAMA has responded to a consultation on the RTS for the SFDR by the ESAs. EFAMA’s response focuses on the need for a pragmatic and future-proof approach, alignment with the CSRD, the importance of *consumer testing, sufficient implementation time, and key recommendations for the SFDR Level 2 Review. EFAMA emphasizes the importance of avoiding technical changes that could become obsolete with the upcoming review ...
Buy-side experts worried that mandatory active accounts for EU clearing could ...
ID 23938
EFAMA organized a webinar featuring prominent buy-side clearing experts who discussed EFAMA’s analysis on mandated active accounts for EU clearing (eventid=21774). Buy-side experts are expressing worries about the potential risks associated with mandatory active accounts for EU clearing. They argue that such a requirement could actually increase systemic risks rather than reduce them. They further argue for organic growth of EU CCPs and attracting ...
EMIR 3.0: Detailed views on active accounts
ID 23764
EFAMA published a detailed analysis of the proposed active accounts in EMIR 3.0 by the EC. It discusses the potential impacts of active accounts on clearing markets, focusing on financial stability risks, costs to end investors, organic growth on Eurex, measures to enhance EU CCP attractiveness, expansion of ESMA’s supervisory toolbox, and EFAMA’s recommendations on Euroclearing reform. In terms of financial stability risks, the ...
Bringing ESG ratings and data providers within the regulatory perimeter
ID 23692
EFAMA commented on the EC’s proposed regulation on ESG ratings and data providers to address the increasing demand for ESG-focused investment products (eventid=21559). The proposal aims to bring these providers within the regulatory perimeter to mitigate risks for asset managers. Currently, the lack of transparency in data sources, methodologies, and quality creates uncertainty and hinders asset managers‘ ability to assess the sustainability of investments. ...