SFDR Article 6: Dumping ground for non-sustainable investments?
The Sustainable Finance Disclosure Regulation (SFDR) framework’s Article 6 has often been perceived as a dumping ground for non-sustainable investments. However, experts question whether this perception is accurate. Some argue that an Article 6 fund can sometimes be even greener than an Article 8 fund.
Call for mandatory sustainability reporting standards ignored
The European Commission this week disappointed sustainable investment organisations by ignoring their collective call for mandatory reporting requirements that would force companies to make public core indicators for their non-financial sustainability performance.
Pinsent Masons: Pas d’avenir pour les frais « indus »
L’Autorité européenne des marchés financiers (AEMF) a récemment porté son attention sur les frais « indus » des OPCVM et des FIA, et publié une synthèse à ce sujet en mai 2023.
Accord européen sur la révision des directives AIFM et OPCVM
Le Conseil européen et le Parlement européen sont parvenus à un accord préliminaire sur l’application de nouvelles règles pour les fonds d’investissement alternatifs, tels que les fonds de capital-investissement et les fonds de dette privée. Le cadre des fonds d’investissement relevant de la directive OPCVM sera également modernisé.
Breakthrough EU deal clarifies leverage rules for loan funds
Negotiators from the European Council and European Parliament have reached a provisional agreement on new rules aimed at enhancing European capital markets and bolstering investor protection within the EU. The deal, reached during the early hours on Thursday, includes consensus on leverage limits and passporting rules for Loan Originating Funds (LOFs), marking a significant milestone in the regulatory landscape.
FSMA : Fuchs ne peut plus fournir de services en Belgique
Le fournisseur de services financiers basé au Luxembourg, Fuchs & Associés Finance SA, ne peut plus fournir de services en Belgique maintenant que sa licence luxembourgeoise a été retirée par la CSSF, selon une déclaration du régulateur belge des marchés financiers, la FSMA.
Luxembourg, upgrading funds law, aims for pole in Eltifs
The 60-seat Luxembourg parliament has finalised its adoption of a major upgrade of five investment laws, making its popular international framework for investment funds even more attractive for new types of funds coming into the market, in particular Eltifs. The industry has widely welcomed the changes, with one ManCo CEO describing them as “an evolution rather than a revolution.”
Le Luxembourg accorde une exonération fiscale à Eltifs
Le parlement luxembourgeois a adopté à une large majorité une loi importante qui modernise la réglementation des fonds d’investissement. Les fonds tels que les fonds européens d’investissement à long terme (Eltifs) et les fonds du marché monétaire seront désormais exonérés de la taxe d’abonnement pour les fonds basés au Luxembourg.
Plans to manage mass fund redemptions draw pushback
Global financial regulators and industry insiders clashed over the implementation of liquidity management tools (LMTs) to mitigate the impact of mass redemptions in open-ended investment funds at a meeting in Dublin on Wednesday.
Luxembourg turbocharges its financial hub with tax exemptions
Luxembourg’s parliament, with 55 votes in favour and only two against, has embraced a highly anticipated law that revamps its legislative arsenal for investment funds. Several fund categories, including European Long Term Investment Funds (Eltifs) and money market funds, are to be exempted from the registration tax imposed on Luxembourg-domiciled funds.