As the new rules of the Form PF amendments will come into force on March 12, 2025, the FINRA (“Financial Industry Regulatory Authority”) has published an early draft of the new Form PF XML schema, including a sample XML file. The draft can be found under the following link: https://iard.com/future-pfrd-releases. Read more…
On February 8, 2024, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) jointly adopted amendments to Form PF. Form PF is a reporting form similar to the European AIFMD Annex IV used by SEC-registered private funds such as hedge funds or private equity funds. The Read more…
Yesterday, FinDatEx published the new EMT v4.2. The new version includes additional fields concerning further details of ongoing costs for the UK market. The reason for this update is a statement from the FCA from November 2023. In this statement, the FCA expresses their concerns about cost disclosures by funds Read more…
It is commonly known that the UCITS KIIDs need to be updated every year within the first 35 business years of every new year. Last year the PRIIPs KID replaced the UCITS KIID, but same as before, also the PRIIPs KID needs an annual update according to the regulation. There Read more…
Today FinDatEx published the new EET 1.1.2. The new template is not a major update as the versioning number already indicates. This means, that there are no structural changes. Overall, there are several corrections of typos and the transitional scope 12 fields have been changed from “Mandatory/Conditional” to “Optional”, which Read more…
Last week the ESAs published the latest “Joint ESAs Final Report on RTS under SFDR”. It discusses significant changes proposed to the Sustainable Finance Disclosure Regulation (SFDR) level 2 Regulatory Technical Standards (RTS). The major changes in the proposed RTS are as follows: Principal Adverse Impact (PAI) Indicators: There have Read more…
The SEC has recently published new rules and amendments under the Investment Advisers Act of 1940 (Advisers Act) for registered private fund advisors that going forward are required to: Provide quarterly reports containing detailed information about performance, fees and expenses Conduct an annual audit for each private fund Obtain a Read more…
Solvency II is a comprehensive regulatory framework that governs insurance and reinsurance companies operating within the European Union (EU). After several years of discussions, it came finally into force in January 2016 with the aim of better protection of policyholders and beneficiaries. This was necessary because of the impacts of Read more…
FinDatEx has published the draft European MiFID Template (EMT) V4.1 for public consultation that covers the new requirements under the UK Consumer Duty regulation.