The Luxembourg Fund Industry: Resilient and Ready paperjam.lu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from paperjam.lu Daily Mail and Mail on Sunday newspapers.
ESMA Calls For Fund Experts To Join Consultative Stakeholder Group Date
15/02/2021
The European Securities and Markets Authority (ESMA) has issued today a call for candidates in order to renew the composition of its Consultative Working Group (CWG) which advises ESMA’s Investment Management Standing Committee (IMSC).
ESMA’s work relating to collective investment management covers principally the Directives on Undertakings for Collective Investment in Transferable Securities (UCITS) and Alternative Investment Fund Managers (AIFMD), as well as the Regulations on Money Market Funds, European Venture Capital Funds (EuVECA), European Social Entrepreneurship Funds (EuSEF) and European Long-term Investment Funds (ELTIFs). IMSC’s work with respect to these legal frameworks covers such issues as marketing and distribution, conduct of business, product disclosures and transparency, valuation, eligible assets, asset safekeeping and risk management.
EFAMA urges regulator to make ELTIFs more attractive to investors
The European Fund and Asset Management Association (EFAMA) today shared its recommendations to the European Commission on measures to be taken to improve the European Long-Term Investment Fund (ELTIF) regime.
Very few ELTIFs were launched by professional investment managers since the Regulation became applicable in December 2015.
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EFAMA pointed out today that only around 28 ELTIFs have been established, with a low asset base (below 2 billion euros). From that perspective, the ELTIF Regulation has failed to meet its objective of boosting European long-term investments in the real economy.
Profound changes are necessary to make ELTIFs an EU product of choice and help deliver on some of the CMU’s objectives.
Clamour grows to overhaul the Eltif regime citywireselector.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywireselector.com Daily Mail and Mail on Sunday newspapers.
SUMMARY
This edition of Private Equity Comment looks at the Sustainable Finance Disclosure Regulation, which fund managers will need to comply with beginning 10 March, 2021, an ongoing consultation on European Long Term Investment Funds, and the new regulations in the U.S. which could impact managers targeting ERISA investors.
SUSTAINABLE FINANCE DISCLOSURE REGULATION
The Sustainable Finance Disclosure Regulation will oblige fund managers to make certain disclosures, both on their website and in their fund documents, in relation to ESG and more particularly sustainability risks. The rules cover several different disclosure obligations including how managers and advisers integrate sustainability risks into investment decisions/advice and whether they consider the principal adverse impacts of their investment decisions/advice on sustainability factors. The initial disclosure requirements will come into force on 10 March, 2021. Further detail will be published through “regulatory t