Simmons & Simmons Luxembourg LLP’s Post

🔍 Breaking news on the ELTIF regulation 🇪🇺 Worried about the protection of European investors, illiquid investments, and financial stability, the European Securities and Markets Authority (ESMA) is advocating for significant modifications to the Eltif standards rulebook. 📈 Based in Paris, ESMA has voiced concerns over the European Commission's "flexible" approach to finalizing the standards for the new category of funds aimed at opening private markets to retail investors. In a direct communication on Monday, ESMA expressed its dissatisfaction with Brussels view of the draft regulatory technical rules - known as the Level 2 RTS - for the EU’s revised regime for European Long-Term Investment Funds (Eltifs). 📜 As professionals in finance and investments, it's crucial to stay informed about these regulatory developments that impact investor protection and market accessibility. What are your thoughts on this more stringent stance by ESMA? Does it strike a balance? Or will it impede the launch of new funds? #ELTIF #ELTIF2 #ESMA #MarketFinance #CMU #RTS #Level2 #Luxembourg #privatemarkets #privatedebt #privateequity #EuropeanMarket https://lnkd.in/eu_z8npa

#News in Regulatory Update! #ELTIF #RTS #ESMA The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator, has responded to the European Commission's request regarding amendments to the European long-term investment fund (ELTIF) Technical Standards (RTS). In its letter, ESMA suggests limited changes to strike a balance between safeguarding retail investors and advancing the capital market union objectives. Under the revised ELTIF Regulation, ESMA is tasked with developing draft regulatory technical standards (RTS) to address: - Determining the compatibility of an ELTIF's lifespan with that of its individual assets, as well as various features of the ELTIF's redemption policy. - Disclosure of costs. Stay informed with Denolus Consulting for more updates on regulatory developments! #Leadership #Innovation #HedgeFunds #RegulatoryIntelligence #Sustainability #Management #Futurism #SocialMedia #Governance #ESGreporting #AlternativeInvestments Source: ESMA News https://lnkd.in/g-u43HFf

The EC may adopt the RTS with the amendments it considers relevant or reject it. The European Parliament and the Council may object to an RTS adopted by the EC within a period of three months. Background On December 2023, ESMA published its final report on the draft technical standards under the revised ELTIF Regulation and submitted it to the European Commission for adoption. In March 2024, the Commission informed ESMA that it intends to adopt the proposed RTS with amendments, and invited ESMA to submit new draft RTS reflecting the amendments provided. For detailed assistance or specific inquiries, reach out to our legal or compliance experts at [email protected]. Learn more about how Denolus Consulting can support your compliance journey by visiting us at https://Denolus.com. AIFMD | CASS | CFTC Rewrite | Disclosure Reports | EMIR Refit | FATCA | Form CPO | Form PF | Form 13F | SEC Forms | MiFID | MMF Reporting | UCITS Reporting | Other Transaction & OTC Derivatives Reporting #Leadership #Innovation #HedgeFunds #RegulatoryIntelligence #Sustainability #Management #Futurism #SocialMedia #ESMA #FCA #SEC #CFTC #Governance #ESGreporting #AlternativeInvestments

ESMA has published its Position Paper on “Building more effective and attractive capital markets in the EU”. The Paper includes 20 recommendations to strengthen EU capital markets and address the needs of European citizens and businesses [...] https://lnkd.in/eYCVPKZE #capitalmarkets #regulation #regulatorycompliance #news #LSCPROM

ESMA has just published its Second Consultation Package under MiCA. Mark Caruana Scicluna delves into this consultation package in his latest article. #ESMA #MiCA #InvestmentServices

🔔 𝗡𝗲𝘄𝘀𝗳𝗹𝗮𝘀𝗵 | The European Securities and Markets Authority (𝗘𝗦𝗠𝗔) has responded to the European Commission request for amendments to the draft Regulatory Technical Standards (𝗥𝗧𝗦) for the new 𝗘𝗟𝗧𝗜𝗙 𝟮.𝟬 regime. 💡 Discover what the key amendments are by reading our newsflash and feel free to reach out to our experts, Aurélien Hollard, Benjamin Bada, Julia Bruzzese, Harrison Dans, Julien ROBERT or sophie Liberatore if you have any questions ➡️ https://lnkd.in/e3rSBTYj #CMSLuxembourg #CMSLaw #lawfirm #Luxembourg #investmentfunds

See below for our latest DE Legal Update outlining some further developments on the ELTIF front #assetmanagement #eltif #dilloneustace #irishfunds

Today, European Securities and Markets Authority (ESMA) published their Final Report on revised technical standards for passporting. ESMA’s proposals include targeted amendments to the existing RTS and ITS that would add new information requirements to the list of details #investment firms have to provide at the passporting stage. A new investment services and activities passport notification will also provide National Competent Authorities with additional information on a firm’s planned or existing #crossborder activities. #investorprotection #funds #assetmanagement #mifidii

Join my talented colleagues Bernardina Vieytes, Maxence Finot & Axelle Charlier in this webinar on CSRD and the double materiality assessment!