Regulatory

New rules for cross-border financial services into the Swiss market. Asset Managers, along with other Financial Service Providers (FSPs), may have to review the way they distribute their funds in Switzerland as a new regulatory framework has entered into force.

The term "technological neutrality" is often used to say that the law cannot impose or even favor one technology over another when different technologies are likely to meet the same performance objectives.

Regularly announced for soon and long awaited, the consultation on a revision of CSDR was finally published by the European Commission on 8 December 2020. A period of 8 weeks is now opened to answer the various questions asked by the EC.

For the first time in history, the Romanian capital market has been included since September 21, 2020 in the Emerging Markets indices, according to the classification of the global index provider FTSE Russell.

On 23rd of November 2020, ESMA published a proposal to amend the 3 delegated regulations detailing the clearing obligations (products concerned, date of entry into force, etc.).

ESG criteria are becoming more important for asset managers and asset owners’ business and for the financial world in general. The securities services provider plays a primary role in the value chain by connecting all the players involved. Roberto Pecora, chief executive officer of Societe Generale Securities Services for Italy, explains how to best play this...

On 25 November 2020, the European Commission published a temporary decision (valid from 1 January 2021 to 30 June 2021) on equivalence between Union and UK rules on the regulatory framework applicable to CSDs.

Risk mitigation techniques for uncleared OTC derivative contracts were declined in 2016, in Delegated Regulation 2016/2251 and since then have been the subject of regular proposals for amendment by European regulators (ESMA, EBA and EIOPA: ESAs), proposals they submit to the European Commission.

In November 2019, the European Commission published Regulation (EU) 2019/2088 on sustainability‐related disclosures in the financial services sector.

Richard Roger, Head of the Issuer Services business line at Societe Generale Securities Services (SGSS), presents his perspective on the current challenges with regards to the organisation of General Meetings of Shareholders.

Pan European Personal Pension Product certified by the EU: why such a product? Which providers will offer #PEPPs and what are the obstacles and challenges?

The process of the AIFMD review started on 10 January 2019 with the publication by the European Commission of KPMG* report on AIFMD.

A new step was taken on Friday, October 23, 2020. The European Commission has adopted the proposal made by ESMA to extend the implementation date of the settlement disciplines imposed by CSDR by an additional year.

In early August the Spanish Prime Minister announced at a press conference that the long-expected tax reform would have to be put on hold until Spain recovers levels of growth on a par with those seen before the Covid19 pandemic crisis.