Over the year, ALFI participates in numerous consultations issued by European Institutions and industry associations.
ALFI response to the ESMA Discussion Paper on the Distributed Ledger Technology (DLT) Applied to Securities Markets- ALFI statements
ALFI responded to the ESMA's position paper on "The Distributed Ledger Technology applied to Securities Markets" uploaded to the ESMA website on 30 August 2016.
ESMA issued a discussion paper in April 2016 seeking stakeholders’ views on the development of a framework for UCITS share classes throughout the EU. The paper centres on a set of high-level principles regarding share classes, which are further detailed, where necessary, by a set of operational principles. On 6 June 2016 ALFI responded to this Discussion Paper.
ALFI has responded to the European Commission public consultation on long-term and sustainable investment.
On 18 March 2016, ALFI responded to the European Commission's Green Paper on Retail Financial Services, which was recently published.
On 29 January 2016, ALFI responded to the call for evidence “EU regulatory framework for financial services”, which was published by the EU Commission end of September 2015.
On 26 January 2016, ALFI responded to the consultation on Regulatory Technical Standards (RTS) for Packaged Retail and Insurance-based Investment Products (PRIIPs) conducted by the European Supervisory Authorities.
On 6 January 2016, ALFI and the Luxembourg Private Equity and Venture Capital Association (LPEA) responded to the EU Commission consultation on the review of the EuVECA and EuSEF Regulations.
Alfi response to the ESMA consultation paper on guidelines on sound remuneration policies under the UCITS Directive and AIFMD.- ALFI statements
On 23 October 2015, ALFI responded to the ESMA consultation paper on guidelines on sound remuneration policies under the UCITS Directive and AIFMD. ESMA will finalise the UCITS Remuneration Guidelines and publish a final report by early Q 1 2016 ahead of the transposition deadline for the UCITS V Directive. The final report is expected to also include the revision of the AIFMD Remuneration Guidelines as proposed in the consultation paper.
ALFI’s response to ESMA’s consultation on the draft regulatory technical standards under the ELTIF Regulation- ALFI statements
According to the ELTIF Regulation, ESMA shall develop draft regulatory technical standards (RTS) to determine the criteria for establishing the circumstances in which the use of financial derivative instruments solely serves hedging purposes, the circumstances in which the life of a European long-term investment fund is considered sufficient in length, the criteria to be used for certain elements of the itemised schedule for the orderly disposal of the ELTIF assets, the costs disclosure and the facilities available to retail investors. This consultation paper represents the first stage in the development of the draft RTS.
ALFI response to IOSCO consultation report on Elements of International Regulatory Standards on Fees and Expenses of Investment Funds- ALFI statements
On 23 September 2015, ALFI responded to the International Organization of Securities Commissions (IOSCO) consultation report on Elements of International Regulatory Standards on Fees and Expenses of Investment Funds, which proposes an updated set of common international standards of best practice for the operators of Collective Investment Schemes(CIS) and regulators.