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ESMA’s Regulatory Actions in Response to COVID-19

AIFMD Reporting under Icelandic Jurisdiction

AIFMD Reporting Under Icelandic Jurisdiction

By | Blog, Regulatory Reporting (Raptor) | No Comments
In May 2020, a bill was passed in the Icelandic parliament making AIFMD filing mandatory for Alternative Investment Fund Managers (AIFMs) that are authorized or registered by the Icelandic Financial Supervisory Authority (FSA). Regardless of whether the AIF is open-ended or close-ended, this requirement is applicable to all managers who market or operate single or multiple AIFs in Iceland or other EEA states. Read More

Finanstilsynet Issues Changes to AIFMD Reporting

Finanstilsynet Issues Changes to AIFMD Reporting

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The Financial Supervisory Authority of Norway (Finanstilsynet) has recently updated its filing methodology with the introduction of Altinn.no, a new system to ease reporting obligations for AIFMs. In place of the previous submission mechanism through SFTP, Altinn.no allows AIFMD reporting to be completed with the option for users to choose between uploading by XML or manually inputting AIFM/AIF data directly in the system. With this, however, there have been no changes to the XML schema or deadlines for submission. Read More

Important takeaways from ESMA’S 2021 Work Programme

Key Takeaways from ESMA’s 2021 Work Programme

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In an effort to reinforce its commitment to strengthen investor security and promote healthy and orderly capital markets, the European Securities and Markets Authority (ESMA) has released its 2021 Work Programme, setting out its goals and focus areas for the upcoming year.

The activities planned by ESMA for 2021 will overcome the concerns facing the EU, its capital markets and its people, including building a retail investor platform to support the Capital Markets Union (CMU), fostering sustainable finance and long-term markets, addressing the opportunities and risks raised by digitization, strengthening the role of the EU in global financial markets and retaining a proportionate approach to regulation. Read More

ESMA updates Instructions for Money Market Fund (MMF) Regulations

ESMA Updates Instructions for Money Market Funds Regulation (MMFR)

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The European Securities and Markets Authority (ESMA) has issued new instructions with updated validations and schemas for the first filings by money market fund (MMF) managers under the Money Market Funds Regulation (MMFR) due this September. Updates for the earlier instructions were published in July 2019 after considering feedback from market participants and the technical committee at ESMA. With this, MMF managers are required to use the latest version (v1.1) of the schemas to provide detailed information about the funds to their respective national competent authorities (NCAs) who will then share the same with ESMA after processing it through their internal systems. Read More