The Global Forum on Transparency and Exchange of Information for Tax Purposes has released today new compliance ratings on transparency in tax matters following a peer review process. The Luxembourg Ministry of Finance informs on its website that Luxembourg received the overall rating of "largely compliant" with the Global Forum commending Luxembourg's firm commitment towards the efficient implementation of internationally agreed transparency standards for tax purposes. Luxembourg now shares the same rating as the United States, the United Kingdom, Germany, the Netherlands and Italy, among others.
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.
Can CMU succeed in finally removing persistent obstacles to the cross-border marketing of investment funds? | #askalfi- Press releases
ALFI recently launched a new campaign on Twitter called #askALFI. Followers can ask questions related to the investment fund industry using hashtag #askALFI and ALFI experts respond to selected questions via short video messages. Claude Niedner (Arendt & Medernach) updates us on the latest news regarding the European Commission's project on the Capital Markets Union established to increase funding to SMEs, to create more opportunities for investors and to facilitate cross-border investment.
Join us for another NICSA webinar in the series sponsored by ALFI to hear about the findings of the study "Beyond their borders: evolution of foreign investment by pension funds".
The Association of the Luxembourg Fund Industry (ALFI) has announced today the publication of Frequently Asked Questions to provide general guidance to Luxembourg investment funds and their management companies wishing to apply for an RQFII Licence and an RQFII Quota.