International and European news

On 11 March 2020, in the midst of the coronavirus crisis, ESMA released its recommendations to financial players with respect to business continuity plans, market information, financial reporting and asset management.

On 4 March 2020, the European Commission tabled a climate bill aimed at confirming the European Union's objective to attain carbon neutrality by 2050.

On 27 March 2020, Commission Delegated Regulation (EU) 2020/448 was published in the OJ.

On 26 March 2020, the Commission's Delegated Regulation (EU) 2020/442 was gazetted in the Official Journal of the European Union.

On 23 March 2020, the International Organization of Securities Commissions (IOSCO) published a report identifying the possible implications of global stablecoin initiatives for securities markets regulators.

On 3 April 2020, the European Securities and Markets Authority (ESMA has published its final guidance on performance fees in investment funds – applicable to UCITS and certain types of AIFs.

On 4 February 2020, ESMA published its final report on draft regulatory technical standards (RTS) on postponing the date of entry into force of Commission Delegated Regulation EU 2018/1229 (the RTS on settlement discipline) to 1 February 2021.

On 31 January 2020, the European authorities released a host of documents on the BREXIT Agreement, including:

On 27 December 2019, the following two Regulations and Directive, which will review the European System of Financial Supervision (ESFS), have been published in the Official Journal of the European Union: