ESMA finalises labelling rules for sustainable funds
Sustainable investment commentators criticise adjustments to thresholds, reports Michael Nelson
ESMA
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EFAMA critiques EC proposals on retail investment
Industry body EFAMA has responded to the European Commission’s (EC) Retail Investment Package first proposed in May this year. The European Fund and Asset Management Association lists what it calls a number of “positive elements”, along with ones that the association says need to be reconsidered. The changes were proposed earlier this year and were…
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ESMA takes aim at ‘undue costs’ for investors
The European Securities and Markets Authority (ESMA) has set out to clarify the legislation provisions of the UCITS Directive and the AIFMD around ‘undue costs’. The regulator offered its thoughts in this 33-page document, outlining where it sees room for clarification. “ESMA is of the view that, as a first step, the Commission should clarify…
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SFDR disclosure framework comes under further scrutiny
The European Supervisory Authorities (ESAs) have issued a joint consultation paper on the Delegated Regulation of the Sustainable Finance Disclosure Regulation (SFDR). The 158-page report – co-written by the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA) – contains a raft of proposed…
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ESMA gears up to tackle ‘complex and multi-faceted’ greenwashing
‘Advancing the sustainability agenda is crucial, particularly as investor preferences shift to environmentally friendly financial products’
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How should fund managers address the liquidity problem?
It’s not just property funds that are causing headaches
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ESG indices outperform, says Esma
As long and short-termism rise in financial markets
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Esma liquidity rules will allow funds to fully grasp gating risk
Rules are bigger challenge for Ucits and MMFs than alternatives says specialist data firm NeoXam
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Esma likely to review European fund industry fees
Costs not covered in management fee handled differently by local authorities hindering competition, says Lipper
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EU-UK regulator pact agreed in event of no-deal Brexit
Agreement signed between the FCA and Esma covers cooperation and exchanges of information in event of ‘worst case scenario’
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59% of asset managers ‘preparing for hard Brexit’
As hopes for deal hang in balance an increasing number of firms are drawing up plans for cliff-edge exit
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Brexit: to relocate or not to relocate
UK-based asset managers may have to shift operations to the EU 27 if a transition agreement is not agreed, and Esma is pushing hard to ensure regulatory convergence across the bloc regarding moves.