The SEC and CFTC’s extended compliance date (June 12, 2025) for the recent Form PF amendments is now only one month away. This extension provided additional time for private fund advisers to implement the necessary operational and technological changes required under the updated Form PF reporting framework. 𝗞𝗲𝘆 𝗖𝗵𝗮𝗻𝗴𝗲𝘀 𝘁𝗼 Read more…
The European Supervisory Authorities (ESAs) have released an updated version of their consolidated Q&As on the PRIIPs Key Information Document (KID), dated 5 May 2025. Regular updates to the Q&As ensure that market participants are provided with clear guidance on requirements. This update introduces clarifications affecting packaged retail and insurance-based Read more…
On 15 April 2025, the European Securities and Markets Authority (ESMA) published its final report on the Guidelines for Liquidity Management Tools (LMTs) of UCITS and open-ended Alternative Investment Funds (AIFs), along with draft Regulatory Technical Standards (RTS). These updates are part of the broader AIFMD II and UCITS Directive amendments Read more…
On April 9, 2025, the European Securities and Markets Authority (ESMA) released its Final Report on the Common Supervisory Action (CSA) concerning ESG disclosures under the EU Benchmarks Regulation (BMR). Conducted alongside national regulators, the report evaluates how benchmark administrators are applying the BMR’s ESG disclosure requirements—and offers insights that Read more…
The Securities Exchange Committee (SEC) has issued a joint statement with the Commodity Futures Trading Commission (CFTC) to extend the required date of compliance with upcoming changes to Form PF. Impacted firms will now have until 12 June, 2025 to comply with the amendments. 𝗜𝗺𝗽𝗮𝗰𝘁𝗲𝗱 𝗳𝗶𝗿𝗺𝘀 The changes affect SEC-registered Read more…
As we head into 2025, asset managers and insurance investment firms face a landscape shaped by evolving regulations and new reporting requirements. We’ll be watching several key factors likely to influence their operations and strategic decisions. Investment Data Transparency: There’s growing emphasis on improving transparency in investment data, including ESG, Read more…
Announcing Our New U.S. Subsidiary: Bringing Fresh Perspectives and Localized Expertise to the U.S. We are thrilled to announce the opening of our new U.S. subsidiary, marking a major milestone in our journey to serve clients in the asset management, insurance, and finance industries. For years, our firm has specialized Read more…
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…
FinDatEx has released TPT V7 for public consultation, open until October 15th, 2024. This latest version brings key updates, including new fields for expected maturity dates and enhanced representation of Payment in Kind (PIK) features, among other important changes. These improvements are especially significant for GPs and LPs managing private 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…
Last week the European Parliament voted on the proposal for the modernisation of the key information document. This means significant changes in the PRIIPs KIDs regulation are on their way. The main target of the regulators is to strengthen the comparability between different products for retail investors as well as 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…
Last week ESMA published an update on the proposed guidelines on funds’ names using ESG or sustainability-related terms. The goal of this upcoming regulation is to further avoid greenwashing of fund investments. As many funds are using ESG-related fund names, the regulators aim to provide clear rules for the usage Read more…
After the 2008 financial crisis, where ABS securitisations had a major impact on the market downturns, several new regulations were implemented to avoid unpredictable risks. Overall, this led to significant volume drops in the securitisation market. With the first introduction of Solvency II, the regulation divided securitisations into 3 categories Read more…
Infrastructure investments have become an increasingly attractive asset class for insurance companies operating under the Solvency II regulation. Solvency II, implemented in 2016, aims to standardize and strengthen the regulation of insurance and reinsurance companies within the European Union (EU). It introduced a risk-based approach, emphasizing the need for insurers Read more…
Last week ESMA published an update of the AIFMD Q&A which contains a new section called XVI “Exemptions”.
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.