ESMA writes a letter to the European Commission regarding the reform of the AIFMD

A letter to the European Commission dated 18 August 2020 from the European Securities and Markets Authority (ESMA) has been published. Ostensibly relating to the upcoming review of the Alternative Investment Fund Managers Directive (AIFMD), it is, true to recent EU legislative form, expansive in its ambition and has raised a number of questions around potential impacts on the whole of the fund management industry, including the Undertakings for Collective Investment in Transferable Securities (UCITS). Read more

The Taxonomy Regulation: an overview

The Taxonomy Regulation entered into force last week, paving the way for a key pillar of the EU’s Action Plan on Sustainable Finance to be implemented from March 2021. As businesses and financial market participants prepare for the implementation of the Regulation, we take a closer look at its scope and operation. Read more