This paper consults on the content of the technical advice that ESMA should provide by 30 April 2015 to the European Commission on the implementing measures of the Regulations 346/2013 on European Social Entrepreneurship Funds (EuSEF) and 345/2013 on European Venture Capital Funds (EuVECA). The European Commission requested the advice of ESMA on 27 May 2014.
A number of Luxembourg UCITS have shown interest for the pilot program that provides mutual trading access between the Shanghai and Hong Kong stock markets (Shanghai Hong Kong Stock Connect). This program offers an opportunity for UCITS to invest into A-shares listed on the Shanghai stock exchange alongside the existing investment schemes (such as QFII and RQFII). The first Luxembourg UCITS was now approved.
The Association of the Luxembourg Fund Industry (ALFI) today released the 2014 version of its annual real estate investment fund (REIF) survey, showing the development of the Luxembourg-domiciled REIF market as at the end of 2013.
According to a report published today by the Association of the Luxembourg Fund Industry, carried out by Oliver Wyman, the introduction of the AIFMD has fuelled strong growth in European fund domiciles, with the number of alternative investment funds increasing by10% since 2010, and assets under management increasing by 13%.