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.

  • Derivatives image

    Earlier this week the FCA published the Terms of Reference (ToR) for its Investment Platforms Market Study. The ToR set out the specific areas the FCA is interested in exploring, including: the impact platforms have on overall charges for investment products; whether investors and advisers can assess the value for ...

  • Sailing race image

    Welcome to the latest quarterly Pensions Ombudsman Update from the CMS Pensions Team. The Pensions Ombudsman resolves hundreds of cases every year which are not only important for the parties concerned but influence wider industry practice. However, the sheer volume of cases dealt with can make it hard to keep ...

  • Frankfurt, Germany
    DE

    The European Commission is planning to replace the 2003 Prospectus Directive with a revised Prospectus Regulation and to fully harmonise prospectus law in Europe. The existing provisions of the German Securities Prospectus Act (Wertpapierprospektgesetz) will largely cease to apply as a result. This reform is part of the drive to ...

See more reports

Agency Database

  • Alternative Investment Management Association (AIMA)
    Term:
    Alternative Investment Management Association (AIMA)
    Other Names:
    Definition:
    Area:
    Funds And Asset Management
    Type:
    Trade Association
    Country:
    International
    URL:
    http://www.aima.org/
  • Austrian National Bank
    Term:
    Austrian National Bank
    Other Names:
    Oesterreichische Nationalbank (ONB/OeNB)
    Definition:
    Contributes on a stability-oriented monetary policy; safeguards financial sability; provides general public and the busines community with high quality cash. The competent authority for the authorisation and supervision of payment institutions (article 20).
    Area:
    Banking
    Type:
    Regulator
    Country:
    Austria
    URL:
    http://www.oenb.at/en/
  • Bank of France
    Term:
    Bank of France
    Other Names:
    Banque de France
    Definition:
    Monitors and regulates the banking market. Competent authority for the authorisation and supervision of payment institutions (specifically within the Bank La comité des établissements de credit et des entreprises d'investissement and La Commission bancaire).
    Area:
    Banking
    Type:
    Regulator
    Country:
    France
    URL:
    http://www.banque-france.fr/accueil.html
  • Bank of Greece
    Term:
    Bank of Greece
    Other Names:
    Definition:
    Responsible for implementing the Eurosystem's monetary policy in Greece and safeguarding the stability of the Greek financial system.The competent authority for the authorization and supervision of payment institutions.
    Area:
    Banking
    Type:
    Regulator
    Country:
    Greece
    URL:
    http://www.bankofgreece.gr/Pages/en/default.aspx
  • Bank of Italy
    Term:
    Bank of Italy
    Other Names:
    Banca d’Italia
    Definition:
    Central bank: banking and financial supervision. The competent authority for the authorisation and supervision of payment institutions (article 20).
    Area:
    Banking
    Type:
    Regulator
    Country:
    Italy
    URL:
    http://www.bancaditalia.it/;internal&action=_setlanguage.action?LANGUAGE=en
  • Bank of Portugal
    Term:
    Bank of Portugal
    Other Names:
    Banco de Portugal
    Definition:
    Area:
    Banking
    Type:
    Regulator
    Country:
    Portugal
    URL:
    http://www.bportugal.pt/en-US/Pages/inicio.aspx
  • Bank of Spain
    Term:
    Bank of Spain
    Other Names:
    Banco de Espana
    Definition:
    Central bank. The competent authority for the supervision of payment institutions (note the competent authority for the authorization of payment institutions is the Spanish Ministry of Finance).
    Area:
    Banking
    Type:
    Regulator
    Country:
    Spain
    URL:
    http://www.bde.es/bde/en/
  • Bulgarian National Bank
    Term:
    Bulgarian National Bank
    Other Names:
    BNB
    Definition:
    Regulates and supervises other banks' activities for the purpose of ensuring the stability of the banking system and protecting depositors' interests. The competent authority for the authorisation and supervision of payment institutions.
    Area:
    Banking
    Type:
    Regulator
    Country:
    Bulgaria
    URL:
    http://www.bnb.bg/?toLang=_EN

Future Dates

* Estimated date

  • 7 September 2017

    Deadline for responses to FCA's CP17/19: MiFID II implementation – Consultation Paper VI.

  • 7 September 2017

    The PRA's rules on whistleblowers in non-EEA UK branches (PRA policy statement PS8/17) enter into force on this date.

  • *Summer 2017

    It is expected that ESMA will publish thematic reviews regarding supervisory convergence and Capital Markets Union during this period.