Funds & asset management

Reports, news and data relating to the funds & asset management sector.

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Status:

The Alternative Investment Fund Managers Directive (AIFMD) entered into force on 21 July 2011 and had to be transposed into member state law by 22 July 2013. In most cases it was also to be effective from this date. Certain AIFMs were allowed a transitional period, lasting up to 22 July 2014, in which to seek the necessary variation of permission, authorisation or registration prior to implementation. The Directive is now fully in effect and in force. In March 2016, ESMA published Final Remuneration Guidelines for UCITS and AIFMD.

Latest Reports

  • City, London

    The proposals in the UK Prime Minister’s speech on 17th January and the White Paper on 2nd February will require a new construct for cross-border regulatory coordination between the EU and the UK, which will operate in a complex legal and regulatory environment (outside the EU/EEA single market). CMS and ...

  • Glass sky

    Will Dibble (CMS Partner, UK) and Michael Cavers (CMS Partner, UK) held a seminar on PRIIPs Key Information Document requirements.

    Please click on the link in the title to download the PDF version of the seminar slides.

  • Europe from space

    This was a quiet week for Brexit news in the financial services sector. Her Majesty’s Government has yet to publish any detailed information about the proposals that it has announced for EU/UK financial services after the UK leaves the single market. Detailed analysis of the impact of Brexit (by UK ...

  • Europe from space

    Where we stand: The draft Withdrawal Agreement provides for a transition period from 29/03/19 to 31/12/20 during which the EU single market legislation, and its dual regulation coordination (DRC)/mutual recognition, would continue to apply to the UK. The UK has proposed (see Philip Hammond's speech of 7 March) that after ...

  • Europe from space

    BoE: Speech by Alex Brazier: Five years of macro prudential: regulating the Square Mile for all 94,000 square miles Text of this speech, given on 19 April 2018, follows. Topics include: post-crisis regulation; Brexit issues (including concerns over uncleared OTC derivative contracts) and the “unbundling” of bank services. Click here ...

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Agency Database

Future Dates

* Estimated date

  • *Spring 2018

    Bank of England suggests Shari'ah compliant deposit facility may be in place by this period. This follows from the April 2017 BoE consultation on Shari'ah compliant liquidity facilities.

  • *Q2 2018

    Commission to publish a communication on EU support for local capital markets in the second quarter of 2018.

  • *May 2018

    Commission will have presented all the legislative initiatives that were announced in the September 2015 CMU action plan and in the June 2017 mid-term review.