In This Issue:

EU and Supranational Regulatory Developments; Hungarian Presidency EMIR Compromise Proposal and ECON Committee Proceedings; Revised AIFM Directive Text; EU Supervision: ESMA Announces Members of Stakeholder Group; IOSCO Report on Dark Liquidity Principles; Report on the Impact of MiFID; Commodity Markets: EU Council Conclusions; ESMA Announcements; Stress Tests in the Banking Sector: ECOFIN Council Sets Out Guiding Principles on Backstop Measures UK Regulatory Developments; FSA Guidance Consultation on Transaction Reporting; And, Investment Trusts: Draft Regulations Published by HMRC.

This DechertOnPoint summarises current regulatory developments in the European Union and the UK and certain other EU member states in the investment funds and asset management sectors in the past fortnight.