ESMA Archives | risksystem

PRIIPs – A Primer

Background As of January 1, 2018 the Packaged Retail Investment and Insurance-based Products (PRIIPs) regulations came into force. PRIIPs extends the consumer protection standards introduced by MiFID II to insurance-based investment products. The objective of the regulations is to increase the efficiency of financial markets and to make consumers more financially aware of product they […]

May 25, 2018, by administrator

Annex IV – too early to critise?

The latest ESMA Report on Trends, Risks and Vulnerabilities (No. 1, 2018)[1] has some interesting comments on the workings of annex IV reporting. Approximately 60% of the AIFs managed or marketed in the EU by authorised asset managers are reporting. According to ESMA “Not all of the data currently reported show an adequate level of […]

May 18, 2018, by administrator

ESMA and Substance in the Funds Industry

ESMA released some important opinions over the summer. A crucial and highly relevant paper[1] concerns the UK’s forthcoming withdrawal from the EU and “addresses cross-sectoral regulatory and supervisory arbitrage risks that arise as a result of increased requests from financial market participants seeking to relocate in the EU27 within a relatively short period of time”. […]

September 11, 2017, by administrator

Remuneration Rules Under UCITS V

Member states have until 18 March 2016 to transpose UCITS V into national law. It is apparent that over time UCITs and AIFMD are set to converge and this is another part of that process[1]. For example the role of the depositary in terms of its functions, eligibility, duties and its liability has been clarified […]

September 17, 2015, by administrator

Annex IV

As part of AIFMD the European Securities and Markets Authority (ESMA) has introduced compulsory reporting requirements commonly referred to as Annex IV. This will affect every single manager of an Alternative Investment Fund either based in the EU (or EEA) and/or marketing into member states. For the unaware Annex IV reporting is about to begin […]

October 7, 2014, by administrator

Tag: ESMA

PRIIPs – A Primer

Annex IV – too early to critise?

ESMA and Substance in the Funds Industry

Remuneration Rules Under UCITS V

Annex IV

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