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Met dank overgenomen van Europese Commissie (EC), gepubliceerd op vrijdag 18 december 2020.
Today, the European Commission has published guidance on the implementation of specific provisions of Council Regulation (EU) 2020/1998 concerning serious human rights violations and abuses.
The Guidance Note seeks to address the questions most likely to arise in the implementation of these new sanctions. It includes information about the scope of the financial restrictions therein and their application. It also explains in detail the responsibilities of those who must comply with the Regulation, covering notions such as ownership and control, and the functioning of derogations[1].
Borrell, High Representative of the Union for Foreign Affairs and Security Policy/Vice-President for a Stronger Europe in the World, said: “
Delegation model under spotlight as European Commission reviews AIFM Directive
Submitted
By James Williams | 17/12/2020 - 10:41am
All eyes will be on the European Commission’s legal proposal pertaining to the AIFM Directive, which is expected to be published sometime in the first half of 2021, and could usher in an updated version – AIFMD II – a decade after it was first adopted.
The more interesting parts of the consultation for UK fund managers to be mindful of are delegation and marketing of non-EU funds to EU Member States. European fund domiciles including Luxembourg and Ireland will be especially keen to understand what changes, if any, are made to the delegation model, upon which third-party AIFM platforms have built substantial business models.