ESMA Consults on Regulatory Technical Standards Under the ELTIF Regulation

Published 23 March 2019

PrintCategory: ELTIFs

On 28 March 2019, the European Securities and Markets Authority (ESMA) issued a Consultation Paper on draft Regulatory Technical Standards (RTS) under article 25 of the ELTIF Regulation.

Article 25 provides that ESMA shall develop draft regulatory technical standards (RTS) to determine the costs disclosure requirements applicable to ELTIF managers. In doing so, ESMA must consider the RTS under the PRIIPs Regulation, which were finalized in April 2017 and are now due to be revised in the course of 2019 in the context of the amendments to the PRIIPs KID. Taking into account the new regulatory framework put in place in the context of the PRIIPs Regulation, ESMA is now consulting stakeholders on the amended proposals set out below on the requirements on cost disclosure under Article 25(3) of the ELTIF Regulation

Next steps: ESMA is seeking stakeholders’ feedback to the consultation paper by 29 June 2019. Finalization of the draft RTS to be submitted to the European Commission for endorsement.

See the ESMA Consultation Paper here.

Tags:  ESMAKID / PRIIPSManagement RemunerationRegulatory Technical Standards


Also tagged ‘ESMA’

17 Jun 2024Impact and ESG

Final Report from ESMA with guidelines on funds’ names

The European Securities and Markets Authority has published a final report containing guidelines on funds’ names using ESG or sustainability-related terms.

ESMASustainability
21 Feb 2024Impact and ESGUpdates

Draft guidelines on Enforcement of Sustainability Information out for consultation

The European Securities and Markets Authority (“ESMA”) has sent draft Guidelines on Enforcement of Sustainability Information (“Guidelines”) out for consultation.

ESMASustainability
19 Feb 2024Impact and ESGUpdates

Final Report with amendments for RTS

The European Supervisory Authorities (EBA, EIOPA and ESMA) (together ESAs), published a Final Report with proposed amendments to the Commission Delegated Regulation (EU) 2022/1288 and the Regulatory Technical Standards (RTS) in December 2023.

Disclosure RequirementsESMARegulatory Technical StandardsSustainability
22 Jan 2024Impact and ESGUpdates

Changes to the SFDR RTS proposed by ESA Final Report

The European Supervisory Authorities (EBA, EIOPA and ESMA) (together ESAs), published a Final Report with proposed amendments to the SFDR Delegated Regulation (Regulation (EU) 2022/1288) and the SFDR Regulatory Technical Standards (RTS) in December 2023.

Disclosure RequirementsESMARegulatory Technical StandardsSustainability
10 Jan 2024ELTIFsUpdates

ELTIF 2.0 in force

Today, 10 January 2024, the transition period for the regulation of 15 March 2023 amending the Regulation for Long-Term Investment Funds (ELTIFs), also known as ELTIF 2.0, has ended. Thus, ELTIF 2.0 has now completely entered into force.

ESMARegulatory Technical StandardsRetail Investors
22 Aug 2023Impact and ESGUpdates

New reports on the understanding of greenwashing

The progress reports are a result of a push from stakeholders requesting greater market integrity, investor protection and trusted environments for sustainable investments as sustainability has become an important competitive factor.

ESMASustainability
1 May 2023Impact and ESGUpdates

Consultation on the ESAs review of SFDR

The European Supervisory Authorities (EBA, EIOPA and ESMA) have earlier this month published a consultation paper in which they propose amendments to the Commission Delegated Regulation.

Disclosure RequirementsESMARegulatory Technical StandardsSustainability
21 Feb 2023Impact and ESGUpdates

ESMA consultation on the use of ESG or sustainability-related terms in fund names

On 20 February 2023, ESMA closed their consultation on Guidelines on funds' names using ESG or sustainability-related terms launched back in November 2022.

ComplianceESMASustainability
16 Feb 2023Impact and ESGUpdates

Opinions issued on the draft European Sustainability Reporting Standards

The European Financial Reporting Advisory Group (EFRAG) submitted a draft set of European Sustainability Reporting Standards (ESRS Set 1) to the EU Commission in November 2022.

ComplianceESMASustainability
17 Jun 2022Impact and ESGUpdates

ESMA Provides Guidelines for Funds’ Use of ESG Related Terms

On 31 May 2022, the European Securities and Markets Authority (ESMA) published a supervisory briefing which provides guidance on sustainability risks and disclosures in investment management.

Disclosure RequirementsESMASustainability
22 Oct 2021AIFsEuVECAUpdates

ESMA has Issued Guidelines on Marketing Communication

The guidelines apply to all marketing communication addressed to investors or potential investors for AIFs, including amongst others when they are set up as EuVECAs.

Cross-BorderESMAMarketingPre-MarketingVenture Capital
4 Sep 2020AIFs

ESMA Publishes Letter to the European Commission on the AIFMD Review

On 19 August 2020, ESMA published a letter to the Commission, outlining areas it should consider during the forthcoming review of the AIFMD.

AIFMDAIFMD reviewESMA
5 Nov 2019Financial Regulation

ESA issues Joint Supervisory Statement on the Application of Scope of the PRIIPs Regulation to Bonds

The statement seeks to mitigate the risk of divergent application, by national competent authorities, for determining the type of bonds for which it is necessary to draw up a Key Information Document (KID).

Disclosure RequirementsESMAKID / PRIIPS
4 Nov 2019Financial Regulation

ESA issues Consultation Paper on Amendments to the Existing PRIIPS Regulation

On 16 October 2019 ESA has issued a consultation paper on amendments to existing rules underpinning the Key Information Document (KID) for Packaged Retail and Insurance-based Investment Products (PRIIPs).

Disclosure RequirementsESMAKID / PRIIPS
30 Apr 2019Financial Regulation

ESMA Submits Report on Sustainability Risks and Factors in the AIFMD and UCITS Directive

On 30 April 2019, the European Securities and Markets Authority (ESMA) published its final report on integrating sustainability risks and factors relating to environmental, social and good governance considerations in the AIFMD and UCITS Directive.

AIFMDESMAGovernanceRegulatory Technical StandardsRisk ManagementSustainability

Other updates

5 Jul 2024Financial RegulationUpdates

EU’s new Anti-Money Laundering package announced

On 19 June 2024 EU’s new Anti-Money Laundering package was announced. The new AML package has been long in the making, and the Commission presented its package of legislative proposals as early as July 2021.

KYC / AML
1 Jul 2024Impact and ESGUpdates

Final reports from ESMA, EBA and EIOPA on greenwashing in the financial sector

The European Supervisory Authorities (EBA, EIOPA and ESMA) has published their final reports on greenwashing in the financial sector.

Sustainability
28 Jun 2024Taxation / VATUpdates

Proposal for new strategy on entrepreneurship in Denmark

As set out in Pulse update on 13 June 2024, the Danish government has presented a proposal regarding entrepreneurship in Denmark, which includes initiatives aimed at creating better access to capital for startups, cutting the burden of red tape on business and certain relaxation of taxes.

Venture Capital
24 Jun 2024Impact and ESGUpdates

Adoption of the Net Zero Industry Act

The European Council has adopted the Net Zero Industry Act: a framework of measures for strengthening Europe’s net-zero technology products manufacturing ecosystem.

Sustainability
17 Jun 2024Impact and ESG

Final Report from ESMA with guidelines on funds’ names

The European Securities and Markets Authority has published a final report containing guidelines on funds’ names using ESG or sustainability-related terms.

ESMASustainability
13 Jun 2024Taxation / VATUpdates

Proposal for new strategy on entrepreneurship in Denmark

On 12 June 2024, the Danish government presented a proposal regarding entrepreneurship in Denmark, which includes initiatives aimed at creating better access to capital for startups and certain relaxation of taxes.

Venture Capital