When we emerge from the pandemic, there is still a raft of regulation to be dealt with. While we adjusted to working remotely, Esma published guidelines on performance fees for Ucits funds and certain alternative investment funds in April. Some expect guidelines on performance fees to be translated and published by Esma in the final quarter of the year.
Our report featuring regulatory experts from Luxembourg on pages 40-42 notes anti-money laundering is the topic that “never stands still”.
There are also proposals for a change of rules around the Eltif. Granting EU-wide retail marketing rights for alternative investment funds, there have been major hopes that the Eltif will aid finance in Europe, yet there are only 27 Eltifs currently registered on Esma’s website.
And by no means finally, an “AIFMD II” proposal had been expected by September this year, with Esma raising points about substance requirements and delegation.
If you feel that you’ve been standing still on regulation for too long, our report serves as a good primer.
Nick Fitzpatrick, Group Editor, Funds Europe
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