The Association of the Luxembourg Fund Industry released its annual report at the occasion of the Annual General Meeting, which summarised the activity that it has undertaken to ensure that Luxembourg retains its position as the leading European investment fund centre. Read the press release in English.Read more about ALFI’s activities and achievements in its online annual report.
On 15 June 2018, ALFI has published its response for the ESMA Consultation Paper on the Amendments to the EMIR Clearing Obligation under the Securitisation Regulation. Read the document here.
On 15 June 2018, ALFI has published its response to ESAs Consultation on Amendments to Delegated Regulation (EU) 2016/2251 on risk mitigation techniques for OTC-derivative contracts not cleared by a CCP under Article 11(15) of regulation (EU) No 648/2012 in the context of the STS securitisations under Regulation (EU) 2017/2402. Read the document here.
On 17 may 2018, ALFI has published an aide-mémoire for the benefit of the Real Estate risk management world, which aims at proposing a list of practical considerations suitable for liquidity stress testing purposes for Real Estate Investment Funds.
The document is available here to ALFI members.
On 17 May 2018, ALFI and ABBL have issued a revised version of the Guidelines and recommendations for depositaries. This second release is an update aimed at covering UCITS, as well as improving certain sections of the initial guidelines published in July 2013 which were covering oversight duties and cash monitoring for AIFs.
The analysis has been performed according to the following axis: fiduciary oversight obligations (subscription/redemptions, valuation, investment restrictions, timely settlement of transactions, dividend/income distribution as well as cash flow monitoring), stakeholders (ManCo, AIFM, Fund (UCITS/AIF), Depositary, Delegates), and types of controls (due diligence, assessment of policies and procedures) together with associated frequencies. Read the full document here. (Members only)