Vigilanza regolamentare

Per rimanere aggiornati sul panorama normativo, il nostro team Public Affairs pubblica aggiornamenti periodici su questioni normative, sia in fase di discussione che già rilasciate, fornendo un’analisi approfondita del loro impatto.

La sintesi del trimestre precedente consente di rimanere aggiornati in merito alle più recenti novità del settore.

Con SGSS puoi trasformare un vincolo in opportunità.


EMIR    |    UCITS    |    MIFID 2    |    PRIIPS    |    AIFM    |    CSDR    ...
20 Sep 2022
Is there a European project on withholding tax procedures within the EU?
A draft European Directive should be issued at the end of 2022 in order to define a common and standardized procedure...
Regolamentazione
A draft European Directive should be issued at the end of 2022 in order to define a common and standardized procedure within the European Union for withholding tax refunds for all Member States.
Is there a European project on withholding tax procedures within the EU?
20 Sep 2022
New French UCI Chart of Accounts
In France, the accounting of Undertakings for Collective Investment, or UCIs, is organised by a chart of accounts...
Regolamentazione
In France, the accounting of Undertakings for Collective Investment, or UCIs, is organised by a chart of accounts proposed by the Autorité des Normes Comptables (ANC) and approved by the Commission des Normes Privées. The chart of accounts for UCIs has not been properly revised since 2003, though some changes have been adopted to accommodate new products.
New French UCI Chart of Accounts
15 Sep 2022
MIFID 2 and Green finance: impacts and changes for market players
Due to ‘’SFDR*’’ (level one effective since 10 March 2021 and level 2/RTS as from January 2023), some amendments to the...
Regolamentazione
Due to ‘’SFDR*’’ (level one effective since 10 March 2021 and level 2/RTS as from January 2023), some amendments to the Markets in Financial Instruments Directive (MiFID) II and the Insurance Distribution Directive (IDD) have been made with this Delegated Regulation 2021/1253 on new suitability assessment requirements.
MIFID 2 and Green finance: impacts and changes for market players
09 Sep 2022
CSDR Refit: The ECB gives its opinion on the revision proposal
At the request of the European Council, the European Central Bank (ECB) published its opinion* on the draft revision of...
Regolamentazione
At the request of the European Council, the European Central Bank (ECB) published its opinion* on the draft revision of CSDR (CSDR Refit)** on 28 July.
CSDR Refit: The ECB gives its opinion on the revision proposal
02 Sep 2022
Time to get smart about greenwashing
Greenwashing can be defined as behaviour or activities that make people believe that a company is doing more to protect...
ESG/CSR
Greenwashing can be defined as behaviour or activities that make people believe that a company is doing more to protect the environment than it really is*. Alexis Scheidecker, ESG** products specialist at Societe Generale Securities Services (SGSS), explains why the investment industry needs to tackle greenwashing head-on and offer investors more sophisticated...
Time to get smart about greenwashing
27 Jul 2022
Update of the AFG-AFTI guide on performance fees
AFG* and AFTI** published in July 2022 an update of the guide, originally drafted in 2018, to performance fees for...
Regolamentazione
AFG* and AFTI** published in July 2022 an update of the guide, originally drafted in 2018, to performance fees for French UCITS*** and non-dedicated retail investment funds.
Update of the AFG-AFTI guide on performance fees
28 Jun 2022
ESMA sets out guidance to National Competent Authorities to carry out supervisory actions on sustainability risks and disclosures
ESMA published on 31 May 2022 a Supervisory Briefing document on sustainability risks and disclosures in the investment...
Regolamentazione
ESMA published on 31 May 2022 a Supervisory Briefing document on sustainability risks and disclosures in the investment management area* that is intended to enhance convergence among Member State competent authorities.
ESMA sets out guidance to National Competent Authorities to carry out supervisory actions on sustainability risks and disclosures
13 Jun 2022
ESMA's proposal for a 3-year deferral of mandatory buy-in
The Regulation on the Pilot Regime (2022/858) was published in the European Union Official Journal on 2 June, 2022.
Regolamentazione
The Regulation on the Pilot Regime (2022/858) was published in the European Union Official Journal on 2 June, 2022.
ESMA's proposal for a 3-year deferral of mandatory buy-in
03 Jun 2022
The Pilot Regime will start on March 23, 2023
The Pilot Regime will officially start on March 23, 2023, and will last at least 3 years with the possibility of being...
Regolamentazione
The Pilot Regime will officially start on March 23, 2023, and will last at least 3 years with the possibility of being renewed for another 3 years...
The Pilot Regime will start on March 23, 2023
31 May 2022
AMF wants to ban transaction fees
AMF (Autorité des Marchés Financiers) announces changes to its general regulations and its doctrine on transaction fees...
Regolamentazione
AMF (Autorité des Marchés Financiers) announces changes to its general regulations and its doctrine on transaction fees and the marketing of funds.
AMF wants to ban transaction fees
24 May 2022
Crypto Assets: Towards more legislation and regulations?
The challenges of the regulation: from innovative practices to an evolution of the law.
Tecnologia
The challenges of the regulation: from innovative practices to an evolution of the law.
Crypto Assets: Towards more legislation and regulations?
13 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...
Regolamentazione
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 innovation
13 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...
Regolamentazione
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?
10 May 2022
The Commission finally adopts the final version of RTS for the SFDR
The European Commission announced on 6 April 2022 that it has adopted the Regulatory Technical Standards (RTS) to be...
Regolamentazione
The European Commission announced on 6 April 2022 that it has adopted the Regulatory Technical Standards (RTS) to be used by financial market participants when circulating sustainability-related information under Regulation (EU) 2019/2088 of 27 November 2019, known as SFDR, or the Sustainable Finance Disclosure Regulation.
The Commission finally adopts the final version of RTS for the SFDR
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Quarterly regulatory overview

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Analysis of key regulatory initiatives

Video regolamentari

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...
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...
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 innovation
24
Jan
2022
"Gates": A solution to address liquidity risk
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 risk
24
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...
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
16
Nov
2021
The Reserved Alternative Investment Fund: Key features & Advantages
Watch Jean-Pierre Gomez' interview on RAIF.
Regulatory
Watch Jean-Pierre Gomez' interview on RAIF.
The Reserved Alternative Investment Fund: Key features & Advantages
17
Sep
2021
CSD Regulatory
Discover the CSDR latest updates with our expert Sylvie Bonduelle.
Regulatory
Discover the CSDR latest updates with our expert Sylvie Bonduelle.
CSD Regulatory
02
Jul
2021
Flash Video - Asset Management: The challenges of SFDR's new "green" reporting
Watch Jean-Pierre Gomez' interview on SFDR.
Regulatory
Watch Jean-Pierre Gomez' interview on SFDR.
Flash Video - Asset Management: The challenges of SFDR's new "green" reporting
11
May
2021
Consultation on the European Settlement Finality Directive (SFD)
The European settlement Finality Directive is currently under review. What is the original purpose of the directive?...
Regulatory
The European settlement Finality Directive is currently under review. What is the original purpose of the directive? What is the reason for this review by the European Commission and which entities would be most affected by the revision of the directive?
Consultation on the European Settlement Finality Directive (SFD)