Tel: +44 (0) 7841 513 323 | +44 (0) 1732 875 808 | Email: info@LSCPROM.co.uk

News

Guidance on performance fees in UCITS and certain AIFs

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published its final guidance on performance fees in investment funds – applicable to Undertakings for the Collective Investment in Transferable Securities (UCITS) and certain types of Alternative Investment Funds (AIFs). The guidelines provide comprehensive guidance to fund managers when designing performance fee models for [...]

April 3rd, 2020|Comments Off on Guidance on performance fees in UCITS and certain AIFs

EBA updates list of Other Systemically Important Institutions (O-SIIs)

The European Banking Authority (EBA) has updated the 2019 list of Other Systemically Important Institutions (O-SIIs) in the EU. O-SIIs - those institutions which, along with Global Systemically Important Institutions (G-SIIs), are deemed systemically important - have been identified by the relevant authorities across the Union according to harmonised criteria provided by the EBA Guidelines. This list also reflects [...]

April 3rd, 2020|Comments Off on EBA updates list of Other Systemically Important Institutions (O-SIIs)

ESMA updates its public statement of consultation practices

The European Securities and Markets Authority (ESMA) has updated its Public Statement of Consultation Practices to take account of the amendments which the ESAs’ review has made to the ESMA Regulation. The aim of consultation is to build consensus where possible between all interested and affected parties on what legislation or regulatory action is appropriate and to [...]

April 3rd, 2020|Comments Off on ESMA updates its public statement of consultation practices

EBA extends call for expression of interest for its new Banking Stakeholder Group

In light of the turbulence caused by the Covid-19 pandemic, and the need for potential applicants to focus on other issues, the European Banking Authority (EBA) has decided to extend the deadline of the call for expression of interest for its Banking Stakeholder Group (BSG) to 17 April at 23.59 CET. This extension will allow more [...]

April 3rd, 2020|Comments Off on EBA extends call for expression of interest for its new Banking Stakeholder Group

Agencies Will Consider Comments on Volcker Rule Modifications Following Expiration of Comment Period

Five federal financial regulatory agencies have announced that they will consider comments submitted before May 1, 2020, on their proposal to modify the Volcker rule’s general prohibition on banking entities investing in or sponsoring hedge funds or private equity funds—known as “covered funds.” The agencies will continue to consider comments to provide interested persons more [...]

April 3rd, 2020|Comments Off on Agencies Will Consider Comments on Volcker Rule Modifications Following Expiration of Comment Period

ECB extends review of its monetary policy strategy until mid-2021

Events to be postponed by six months due to coronavirus pandemic. Conclusion of review now expected for mid-2021. The Governing Council of the European Central Bank (ECB) has decided to extend the timeline for the review of its monetary policy strategy. In the current situation, the decision-making bodies and staff of the ECB and the [...]

April 2nd, 2020|Comments Off on ECB extends review of its monetary policy strategy until mid-2021