Over the year, ALFI participates in numerous consultations issued by European Institutions and industry associations.
ALFI welcomes the ESMA discussion paper – Draft Technical Standards for the Regulation on OTC Derivatives, CCPs and Trade Repositories as very positive and fully supports the initiatives aimed at enhancing safety and transparency in the over-the-counter derivatives market.
Regarding these Draft Technical Standards, the ALFI EMIR and OTC Derivatives working Group has analyzed the document and has some more specific comments. The Group decided not to answer to all the questions raised in this document however, only to a selection of questions that are developed in the ALFI position paper and that appear to be more relevant for the fund’s industry.
On 24 February 2012 ALFI responded to ESMA’s consultation paper on the guidelines on certain aspects of the MiFID Compliance function requirements.
On 24 February 2012 ALFI responded to ESMA’s consultation paper on the guidelines on certain aspects of the MiFID suitability requirements.
In January 2012, ALFI responded to the questionnaire on MiFID/MiFIR 2 by Markus Ferber MEP.
Position Paper on the CSSF Regulation N° 10-4: Treatment of subscription and redemption orders under UCITS IV- ALFI statements
The main objectives of this ALFI Position Paper is to outline ALFI’s recommendations by way of providing Best Market Practice Guidelines on the treatment of subscription and redemption orders. This document contains the ALFI UCITS IV Operations Working Group’s (serving under the ALFI TA & Distribution Forum) assessment of the current market practice across a representation of Luxembourg fund industry participants from the perspective of global cross-border fund servicing of Luxembourg-domiciled funds.
ALFI comments to the International Accounting Standards Board (IASB) Exposure Draft ED/2011/4 « Investment Entities ».- ALFI statements
On 5 January 2012, ALFI submitted its comment letter to the IASB Exposure Draft ED/2011/4 .
On October 25, 2011, EIOPA invited market participants and occupational pensions stakeholders to participate in the second consultation on the revision of the IORP directive. EIOPA requested input on all 23 areas of the Call for Advice, including the nine areas that were addressed in the first consultation in July/August 2011. To read ALFI’s response please click here.
In relation to risk management, a number of laws and regulations have been issued at a European and Luxembourg level. ALFI’s Risk Management technical Committee is currently analysing, amongst others, the CSSF Circular 11/512 dated 30 May. By clicking here, you will access the ALFI Q&A document. The document contains the working group's answers to questions about the implementation and the application of the CSSF Circular 11/512. ALFI's members are welcome to submit questions to the working group, which will review them and consider whether to include them in a future copy of this document. Please send your questions to email@example.com.
ALFI response to the ESMA consultation on possible implementing measures of the Alternative Investment Fund Managers Directive in relation to supervision and third countries- ALFI statements
On 23 September 2011, ALFI responded to the ESMA consultation on possible implementing measures of the Alternative Investment Fund Managers Directive in relation to supervision and third countries.
The 27th edition of the Réunion Européenne des Étudiants Luxembourgeois will take place this year in Bruxelles on 13 – 16 October 2011. This annual event gathers over 150 Luxembourg students currently spread in universities all across Europe and aims at discussing common issues facing Luxembourg students as well as relations between universities and the political and economic world. This year’s edition is placed under the theme “Free spirit, European spirit”.