Over the year, ALFI participates in numerous consultations issued by European Institutions and industry associations.
On 5 December 2017, ALFI published its feedback on the Proposal of the Commission COM(2017)536 for a regulation on the role and powers of the European Supervisory Authorities. Click here to read ALFI’s feedback. The period for feedback extends until 23 January 2018. There are several contributions of other stakeholders from the banking and the asset management industry.
On 8 December 2017, ALFI published an updated version of its guidance document on annual reports. Changes relate to the requirement to disclose remuneration of delegates as recently clarified by ESMA’s Q&A document on the AIFMD (update of 5 October 2017).
ALFI response to European Commission consultation on Legislative proposal for an EU framework on crowd and peer to peer finance- ALFI statements
This initiative is part of the Commission's priority of establishing a Capital Market Union (CMU). Broadening access to finance for SMEs, in particular for innovative companies, start-ups and scale-ups, is at the heart of the 2015 CMU Action Plan.1 Access to finance remains difficult for these firms, particularly when they move from the start-up into the expansion phase. This is why the CMU Action Plan places great emphasis on strengthening the different sources of alternative finance, including crowdfunding. With appropriate safeguards and investor protection measures, the scaling-up of crowdfunding across the Single Market can be facilitated so that it becomes a more important source of market-based financing in support of job creation and growth.
On 20 October 2017, ALFI responded to the European Commission consultation on the development of secondary markets for non-performing loans and distressed assets and protection of secured creditors from borrowers’ default.
ALFI is pleased to publish issue 3 of its PRIIPs KID Q&A document which contains answers to questions about the PRIIPs KID, which are written from a perspective of investment funds (UCITS and AIFs as PRIIPs, or where these funds form part of MOPs). The document is reserved to the members of ALFI. Click here for a version showing changes compared to issue 2, and here for a clean version of issue 3.
On 7 August 2017, ALFI responded to the ESMA consultation on draft technical advice, implementing technical standards and guidelines under the Money Market Fund Regulation.
Anti-money laundering: ALFI response to the ESAs’ consultation on a draft joint RTS on measures to take to mitigate AML/CFT risks- ALFI statements
On 11 July 2017 ALFI responded to the ESAs’ consultation on a draft joint RTS on measures to take to mitigate AML/CFT risks where a third country’s law does not permit the application of group-wide policies and procedures.
ALFI response to the EU Commission Consultation "FinTech - A more competitive and innovative European financial sector”- ALFI statements
ALFI responded to the EU Commission Consultation "FinTech - A more competitive and innovative European financial sector".
The consultation document is the product of the work of the dedicated EC Task Force on Financial Technology, seeking input from stakeholders to further develop the Commission's policy approach towards technological innovation in financial services.
ALFI response to the European Commission consultation on the operations of the European Supervisory Authorities- ALFI statements
On 16 May 2017, ALFI responded to the European Commission consultation on the operations of the European Supervisory Authorities. The response mainly focuses on the status of non-binding measures issued by the ESAs, consumer and investor protection issues, and direct supervisory powers in the investment fund segment of the capital markets.
ALFI is pleased to publish Issue 2 of its PRIIPs KID Q&A document which contains answers to questions about the PRIIPs KID, which are written from a perspective of investment funds (UCITS and AIFs as PRIIPs, or where these funds form part of MOPs). The document is reserved to the members of ALFI. Click here for a version showing changes compared to Issue 1, and here for a clean version of Issue 2.