Jean-Marc Goy (CSSF) comments on the regulatory agenda to come up in 2016 in the field of investment funds sector.
"Two topics come to my mind: the Capital Markets Union (CMU) which is more a topic for politicians than the supervisory authority as the discussions will be led mainly by the politicians, however it will also have implications for the asset management sector. Mainly, I’m thinking of the European Long Term Investment Funds (ELTIF) - like many other stakeholders, I’m curious to see whether it will be a success or not – but let’s try to be optimistic!"
Mr. Goy continues: "The second topic I see is the agenda of ESMA - and here there are no surprises – ESMA will continue its work towards more convergence both for UCITS and non UCITS. Speaking of UCITS, this year is also a year when UCITS V will enter into force."
Mr. Goy spoke at the ALFI European Alternative Investment Funds Conference on 19 & 20 January 2016 in Luxembourg.
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