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The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is seeking input on draft guidelines and technical standards under the revised Alternative Investment Fund Managers Directive (AIFMD) and the Undertakings for Collective Investment in Transferable Securities (UCITS) Directive. Both Directives aim to mitigate potential financial stability risks and promote harmonisation …

ESMA consults on Liquidity Management Tools for funds Read More »

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today launched two consultations on proposed guidance for some of its supervised entities. The consultations are aimed at the following entities supervised by ESMA: Benchmark Administrators, Credit Rating Agencies, and three types of Market Transparency Infrastructures (Securitisation Repositories under SECR, …

ESMA consults on reporting requirements and governance expectations for some supervised entities Read More »

ASIC has permanently banned WA based former financial adviser Dashiel Benjo Vee (aka Dash Vee) from providing financial services, controlling an entity that carries on a financial services business or performing any function involved in the carrying on of a financial services business. ASIC found that Mr Vee engaged in conduct that was dishonest and …

WA financial adviser Dash Vee permanently banned from financial services Read More »

ASIC today issued its 2023-24 Cost Recovery Implementation Statement (CRIS). The CRIS outlines estimated regulatory costs and levies for each industry subsector to help entities plan and budget for levies and fees to be charged. ASIC publishes this statement each year to provide information on how it implements its industry funding model, introduced by the …

ASIC releases estimated industry funding levies for 2023-24 Read More »

ASIC is proposing that a legislative instrument, relating to managed investment schemes, be allowed to expire (‘sunset’) on 1 October 2024. This means the instrument will cease to operate and entities will no longer be able to rely on it. ASIC is seeking feedback regarding the sunsetting of ASIC Corporations (Land Holding for Primary Production …

ASIC proposes October expiry date for managed investment scheme legislative instrument Read More »

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published a Final Report on the Guidelines on Enforcement of Sustainability Information (GLESI) and a Public Statement on the first application of the European Sustainability Reporting Standards (ESRS). These documents will support the consistent application and supervision of sustainability …

ESMA puts forward measures to support corporate sustainability reporting Read More »