On the 29th March 2019, the European Securities and Markets Authority (ESMA) published an updated version of the Questions and Answers (Q&As) on the application of the UCITS directive. The updated Q&As clarify the UCITS KIID benchmark and past performance obligations as follows: ESMA Confirms in question 4b that whenever a UCITS refers to a […]

On 27 June 2017, the Joint Committee of the three European Supervisory Authorities (“The ESAs”) – namely the European Banking Authority, the European Insurance and Occupational Pensions Authority and the European Securities and Markets authorities – has issued Joint Final Guidelines (the “Guidelines”) under the 4th Anti-Money Laundering Directive (“4AMLD”). It focuses on customer due […]

The European Securities and Markets Authority (ESMA) has published an updated version of its questions and answers (Q&As) on prospectus issues. The purpose of the Q&A document is to promote common supervisory approaches and practices in the application of the Prospectus Directive and its implementing measures. The updated document contains two new questions on advertisements […]