The European Commission published for comments in May a number of legislative proposals on sustainable finance as a follow-up to its Action Plan on sustainable finance.
On 26 June 2018, ALFI published its analysis of the two drafts issued by the European Commission amending the Delegated Regulation in relation to depositary safekeeping duties towards AIF and UCITS clients in case of delegation.
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.
ALFI response for the Consultation Paper on the Amendments to the EMIR Clearing Obligation under the Securitisation Regulation- ALFI statements
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 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.
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.
On 27 April 2018, ALFI published issue 1 of its Q&A document on the General Data Protection Regulation (GDPR), which will apply from 25 May 2018.
Following the publication of a new Double Tax Treaty between France and Luxembourg (the “DTT”), ALFI would like to comment on the features that have an impact on Luxembourg investment funds and the Luxembourg investment fund industry. ALFI appreciates that the DTT is however the product of a bilateral negotiation dealing with issues across a number of industries
On 29 March 2018, ALFI responded to the survey for the European Commission on the Alternative Investment Fund Managers Directive (AIFMD).