Sat, May 30, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

ESMA guidelines on ETFs and other UCITS issues implemented into Luxembourg law, new market infrastructure on the way

Tuesday, February 26, 2013

Bailey McCann, Opalesque New York: The European Securities and Markets Authority (ESMA) published its final set of guidelines on ETFs and other UCITS issues in December last year. According to a new update from law firm Laven Legal Services, Luxembourg has officially adopted these guidelines into law. These rules consolidated the guidelines on ETFs and other UCITS issues and the guidelines on repo and reverse repo agreements, respectively adopted in July and December of last year.

The Central Bank of Ireland has already adopted these guidelines in full, and the move by Luxembourg further harmonizes regulations across popular locales for alternative investment firms. The attorneys note that the rules make significant changes to disclosure requirements and that, "UCITS that are affected will have to update their prospectus, key investor information document and marketing communications to ensure that they are compliant with the new requirements."

All existing Luxembourgish UCITS have until February 18, 2014 to comply with the new laws. UCITS created after February 13, 2013 will be required to comply with the new laws immediately. The changes are expected to impact UCITS portfolio management techniques, and OTC derivatives operations.

Additional changes are underway in Luxembourg, the Luxembourg Stock Exchange will cooperate with Altus on t......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: New TMT hedge fund adopts the long-term approach[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Adam Parker founded Center Lake Capital LLC in New York in November 2014. Before that, he was portfolio manager at Point State Capital (the successor fund to Dr

  2. Investing - Hedge funds buy swathes of foreclosed subprimes, force up rents, float rent-bonds, Hedge funds buy Actavis, Valeant. ETFs join the party, The most loved biotechs of big hedge funds, Stocks to buy ... according to hedge funds, Atlantic City bond offering attracts hedge funds as buyers, Okumus Fund Management discloses huge new Ascent Capital Group stake[more]

    Hedge funds buy swathes of foreclosed subprimes, force up rents, float rent-bonds From Boingboing.com: When a giant hedge fund is bidding on all the foreclosed houses in a poor neighborhood, living humans don't stand a chance -- but that's OK, because rapacious investors make great landl

  3. Institutions - Institutional investors turn to real estate, planes, Assets at Bostonís five biggest family nonprofits rise to $3.5bn[more]

    Institutional investors turn to real estate, planes From Joins.com: The National Pension Service and domestic emerging market specialists who did not know where to invest in a low interest rate environment are turning to other investments like the blue-chip real estate market abroad.

  4. Regulatory - Hedge funds face tax as Iceland poised to end capital controls, Comment: Why alternatives need more transparency, not enforcement[more]

    Hedge funds face tax as Iceland poised to end capital controls From Bloomberg.com: Hedge funds and other investors who bought claims against Icelandís failed banks face a tax that targets the lendersí estates as the government prepares to unveil its plan for exiting capital controls in t

  5. Investing - Nelson Peltzís Trian Fund Management reduces position in Legg Mason, Biotech investors up big amid bubble talk, Hedge funds increase exposure in healthcare[more]

    Nelson Peltzís Trian Fund Management reduces position in Legg Mason From Octafinance.com: Trian Fund Management has filled a SC 13D/A form regarding Legg Mason, Inc. Per Nelson Peltzís Trian Fund Managementís filing, the filler reported decreased stake in the company by -11.05% to 11,03

 

banner