Regulatory watch
In a constantly evolving financial landscape, regulation plays a key role in transforming the asset management and securities services industries. Societe Generale Securities Services’ regulatory watch offers a clear and structured analysis of European and international main texts, ongoing initiatives and their operational impacts on securities services.
Regulatory insights
03 Dec 2025
Towards a SFDR Revolution
On November 20, 2025, the European Commission published its long-awaited final legislative proposal to amend the 2019...
Towards a SFDR Revolution
On November 20, 2025, the European Commission published its long-awaited final legislative proposal to amend the 2019...
Regulatory
On November 20, 2025, the European Commission published its long-awaited final legislative proposal to amend the 2019 SFDR regulation on sustainability disclosure in the financial services sector.
Towards a SFDR Revolution
30 Oct 2025
Transposition AIFMD 2 – Bill of law sent to the Luxembourg Parliament
The transposition process of the Directive on alternative investment funds managers EU 2024/927 (AIFMD 2) into...
Transposition AIFMD 2 – Bill of law sent to the Luxembourg Parliament
The transposition process of the Directive on alternative investment funds managers EU 2024/927 (AIFMD 2) into...
Regulatory
The transposition process of the Directive on alternative investment funds managers EU 2024/927 (AIFMD 2) into Luxembourg law started on 3rd October 2025 with the bill of law 8628 provided to the Luxembourg Parliament. At European level AIFMD 2 must be transposed by each Member State before April 2026 at the latest.
Transposition AIFMD 2 – Bill of law sent to the Luxembourg Parliament 
30 Oct 2025
CSDR Refit or the regulatory T+1
Until now, the implementation of a settlement one day after the execution date (the “T+1”) for stock market transactions...
CSDR Refit or the regulatory T+1
Until now, the implementation of a settlement one day after the execution date (the “T+1”) for stock market transactions...
Regulatory
Until now, the implementation of a settlement one day after the execution date (the “T+1”) for stock market transactions within the scope was a project mainly driven by the industry, under the responsibility of the Industry Committee.
CSDR Refit or the regulatory T+1
01 Oct 2025
ISO 20022: Roadmap for European corporate actions
Spearheaded by the European Central Bank through the AMI-SeCo working group, ISO 20022 sets a clear path toward...
ISO 20022: Roadmap for European corporate actions
Spearheaded by the European Central Bank through the AMI-SeCo working group, ISO 20022 sets a clear path toward...
Regulatory
Spearheaded by the European Central Bank through the AMI-SeCo working group, ISO 20022 sets a clear path toward harmonised and automated post-trade processes across the continent.
ISO 20022: Roadmap for European corporate actionsAnalysis of key regulatory and standards initiatives
Asset management and investment funds
- AIFM Directive - Alternative Investment Funds Managers Directive
- CBFD - Cross Border Fund Distribution
- EuVECA/EuSEF - Venture capital funds and social entrepreneurship funds
- ELTIFs - European Long-Term Investment Funds
- IORP - Institutions for Occupational Retirement Provision
- MMFR - Money market funds Regulation
- PRIIPs Regulation - Packaged Retail and Insurance-based Investment Products
- UCITS V Directive - Undertakings for Collective Investment in Transferable Securities
Markets, financial instruments and market infrastructures
- BMR - Benchmark Regulation
- Collateral Directive
- CSDR - Central Securities Depositories Regulation
- EMIR Regulation - European Market Infrastructure Regulation/Derivative Products
- ESAP - European Single Access Point Regulation
- MIFID I - Markets in Financial Instruments Directive I
- MIFID II/MIFIR - Markets in Financial Instruments Directive & Regulation
- Post Trade - US T+1 - Settlement cycle shortened to T+1 in the US market
- Recovery & Resolution (for non banks)
- Settlement Finality Directive (SFD)
- SFT - Securities Financing Transactions Regulation
- SRD - Shareholder Rights Directive
Regulatory videos
16
May
2022
Corporate Actions, do you speak 20022?
The ISO 20022 format has just been adopted for electronic data interchange between financial institutions for Corporate...
The ISO 20022 format has just been adopted for electronic data interchange between financial institutions for Corporate...
Regulatory
The ISO 20022 format has just been adopted for electronic data interchange between financial institutions for Corporate Actions. What is it about and why is this change necessary? Interview with Pierre Colladon, Senior Advisor Public Affairs and Regulation at Societe Generale Securities Services.
Corporate Actions, do you speak 20022?16
May
2022
Pilot Regime: an experimental regulation at the service of innovation
Find out all about the Pilot Regime, designed to test the use of distributed ledger technologies (DLT) in market...
Find out all about the Pilot Regime, designed to test the use of distributed ledger technologies (DLT) in market...
Regulatory
Find out all about the Pilot Regime, designed to test the use of distributed ledger technologies (DLT) in market infrastructure, through our interview with Alain Rocher, Head of Knowledge Management at Societe Generale Securities Services.
Pilot Regime: an experimental regulation at the service of innovation24
Jan
2022
"Gates": A solution to address liquidity risk
Discover "Gates": the liquidity management tool addressing liquidity risk, with Christian de Beaufort, Market...
Discover "Gates": the liquidity management tool addressing liquidity risk, with Christian de Beaufort, Market...
Regulatory
Discover "Gates": the liquidity management tool addressing liquidity risk, with Christian de Beaufort, Market Infrastructures & Regulation, SGSS.
"Gates": A solution to address liquidity risk24
Jan
2022
Revision of the AIFM and UCITS Directives – European Commission proposal
Discover the AIFM and UCITS Directives latest updates with Marie-Claire de Saint-Exupéry, Senior Advisor Public Affairs...
Discover the AIFM and UCITS Directives latest updates with Marie-Claire de Saint-Exupéry, Senior Advisor Public Affairs...
Regulatory
Discover the AIFM and UCITS Directives latest updates with Marie-Claire de Saint-Exupéry, Senior Advisor Public Affairs at SGSS.
Revision of the AIFM and UCITS Directives – European Commission proposal
Regulatory overview
Discover the latest regulatory updates with SGSS' experts.