Contrary to other jurisdictions that accept AIFMD reporting, the Luxembourg regulatory body CSSF (Commission de Surveillance du Secteur Financier) has outsourced the transmission infrastructure for accepting AIFMD XML submissions. The CSSF accepts two transmission channels currently, which are listed below:
In response to the COVID-19 pandemic’s potential impact on firms, the SEC has come forward with several contingency and relief measures in an effort to ease the regulatory burdens that investment advisors and stakeholders may be facing in the new all-remote work environment.
During the earlier days of the pandemic, the SEC announced that they were extending filing deadlines for a number of regulatory obligations including Form ADV, Form PF and Brochure Delivery. Now, both the SEC and NFA continue to monitor how the market is functioning as well as impending risks that may be lingering in this new environment in order to be able to provide swift guidance and relief to impacted parties if needed while still maintaining continuity of operations.
Since March, financial market participants have witnessed a storm of extreme volatility that has forced regulatory bodies to bring significant changes to the short-selling rules across global equity markets. While a majority of the jurisdictions in the European Union have decided to reduce the threshold from 0.2% to 0.1%, jurisdictions hit hard with the current pandemic like France, Belgium, Italy, Spain and Austria have decided to ban short selling for a brief period of one month. In Asia and the Middle East, jurisdictions like South Korea and the UAE have also decided to ban short selling in an effort to combat the virus’ negative impact. Jurisdictions across other continents in less threatening situations have explicitly highlighted that they are keeping a close watch on the current status of the pandemic and would not shy away from taking requisite actions in order to maintain sanity in the financial system.