Tue, Jan 24, 2023

Regulatory Update—Fourth Quarter 2022

The Financial Services Compliance and Regulation practice of Kroll provides updates from the European Securities and Markets Authority (ESMA), the French Autorité des marchés financiers (AMF), as well as other regulatory bodies affecting French asset managers during Q4 2022.

AMF and ESMA Updates—October

  • AMF: The AMF Implement Redemption Gates
  • AFG: GECO and ROSA Databases
  • AMF: Summary of AMF Spot Control Related to Entry into Relationship between an AMC and Depositaries
  • AMF: AMF Has Updated Its Guidance on Management Fees for UCITS and Some AIFs 
  • ESMA: ESMA Call for Evidence on SRD2
  • ESMA: ESMA Temporarily Amends Collateral Requirements
  • AFG: Accounting Body ANC No.2022-03 and ANC No.2020-07 Regulations Implementation Guide
  • AFG: UE 269/2014, Sanctions against Russian Depository 
  • AMF: The AMF and ACPR Report on Climate Commitments
  • ESMA: ESMA Include ESG Disclosures as a Strategic Priority
  • ESMA: ESMA Publishes Statement on Common Enforcement Priorities

AMF and ESMA Updates—November

  • France Invest: Publication of KID Guidance
  • AMF: The AMF Report on European Taxonomy Alignment
  • AMF: The AMF 
  • ESMA: ESMA Updates Q&A on PRIIPs KIDs
  • ESAs: Q&A on the SFDR
  • ESMA: Consultation on Rules for Passporting
  • ESMA: Consultation on Guidelines for the Use of ESG in Fund Names
  • ESMA: Annual Report on MAR Administrative and Criminal Sanctions
  • AMF: The AMF Adds to Its Doctrine on Liquidity Management Tools
  • ESMA: CSDR and MAR Q&A Update
  • EU Council: Approval of the CSRD

AMF and ESMA Updates—December

  • ESMA: Assessment of Brexit Relocation Processes
  • ESMA: Guidance for Supervision of Cross-Border Activities
  • ESMA: Clarity for Market Participants on Best Execution Reporting
  • ESMA Provides Guidance to Applicants Under the DLT Pilot Regime
  • ESMA: Q&A Updates for AIFMD, DLT, MiFID2 and MiFIR 
  • ESMA: Positive Opinion on European Commission MiFIR RTS 1 and RTS 2 Amendments
  • ESMA: Published Guidelines for Reporting Under EMIR Refit
  • CNIL: BRC-C: The EDPB Recommendations
  • AMF: Proposal for Open Finance Framework
  • AMF: Policy on Dasps Concerning Good Repute and Skills and Promotional Communications
  • CNIL: Transfer of Data Outside The EU: Standard Contractual Clauses Are No Longer Valid
  • ESMA: Final ITS and RTS For Cross-Border Activities Under UCITS And AIFM Directives
  • AMF: The AMF Enforcement Committee Fines an AMC for Failing to Comply with Its Professional Obligations

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