The consultation paper aims to clarify the classifications of derivatives and provide a consistent approach for entities operating across the EU.
The European Securities and Markets Authority (ESMA) recently published...more
Although AIFMD took effect in key EU member states in 2013, in practice, its one-year grace period largely gave managers of alternative investment funds an opportunity to postpone compliance until 22 July 2014....more
The European Securities and Markets Authority has requested clarity on the definition to ensure consistent application across member states.
Following industry lobbying, the European Securities and Markets Authority...more
The EU Long Term Investment Fund will offer investors a mechanism to invest in projects requiring long-term funding.
In June 2013, the European Commission (the Commission) proposed a new type of European closed-end...more
With the imminent trade reporting obligation under EMIR, affected entities should review the new requirements as well as the status of other EMIR obligations.
On 12 February 2014, the trade reporting obligation under...more
With certain EMIR provisions set to go live in September, both EU counterparties and many non-EU counterparties must take action to comply with risk management requirements, which involve some overlap with Dodd-Frank....more
With AIFMD taking effect, non-EU alternative investment fund managers should be aware of a new regime governing their marketing of such funds into the EU—the AIFMD's private placement overlay.
UK will now allow qualifying non-EEA firms to rely on the one-year transitional provision.
On 29 April, HM Treasury published a short Q&A on the transposition of the Alternative Investment Fund Managers Directive...more
New clearing, risk mitigation, and reporting obligations imposed on certain derivative contracts.
On 15 March, the first six implementing measures of the European Market Infrastructure Regulation (EMIR) entered into...more
The Financial Conduct Authority and the Prudential Regulation Authority begin work as the two new regulators in the wake of the long-heralded abolition of the Financial Services Authority....more
UK-based alternative investment fund managers should complete the survey, which responds to industry pressure regarding the time line for AIFMD authorisation applications, before the 28 March deadline....more
Adoption of the regulation accelerates implementation of the Alternative Investment Fund Managers Directive throughout the EU.
The European Commission adopted the long-heralded Alternative Investment Fund Managers...more