ESMA Preparations for a No-Deal Brexit
Published 15 October 2019
Category: Financial Regulation
On 7 October 2019, ESMA issued updated statements in relation to its approach to the application of some key MiFID/MiFIR II provisions in case of a no deal Brexit and in terms of its use of UK data and MiFID II calculations.
Look further into the updated approach here.
Next step: The final timing and conditions of Brexit are still uncertain, and we will keep a close eye on whether ESMA will adjust the approach announced on 7 October 2019.
New ESG KPI Report by Invest Europe
Invest Europe, the trade association representing Europe’s private equity and venture capital sector, has published its first ESG KPI report with data from 2021.GovernanceVenture Capital
New countries have been added to the EU tax blacklist
On 14 February 2023, the British Virgin Islands, Costa Rica, the Marshall Islands, and the Russian Federation have been added to the EU tax blacklist by the EU Council.Cross-BorderGovernance
EU Markets in Crypto-assets Regulation (MiCA) impending
The EU Markets in Crypto-Assets Regulation (MiCA) is expected to be passed in April 2023 according to the European Parliament’s legislative updates.Crypto-assetsMiCA
ELTIF 2.0 now published in the OJEU
The amendments include a broader scope of eligible assets, a simplified definition of ‘retail assets’, which include lighter retail investor requirements, and an increased market capitalization threshold.Retail Investors
Thematic review of sustainability disclosures for funds with sustainable investment as the objective
On 3 February 2023, the Danish Financial Supervisory Authority (“DFSA”) published a thematic review of sustainability disclosures for eight funds with sustainable investments as their objective.ComplianceDisclosure RequirementsSustainability
ELTIF 2.0 Adopted
On 15 February 2023, the European Parliament has voted in favour of an update to the EU’s Regulation for Long-Term Investment Funds (ELTIFs), also known as ELTIF 2.0.Retail Investors