Furthermore, we provide you with an update on UCITS V, what are the main changes to the draft that the ECON Committee of the European Parliament voted on? Pages 6 and 7 give you an overview of the latest regulatory developments in Belgium.
You will find details to two circulars; one on the notification of foreign UCITS and one on the notification of Belgian UCITS, which were issued by the Autorité des Services et Marchés Financiers (FSMA) mid February.
In Ireland the Irish Regulator issued a draft AIFMD handbook which will assist the industry in preparing for the implementation of the AIFMD by July 2013. On 19 March the Financial Services Authority (FSA) in UK published Part 2 of its consultation on the implementation of the Alternative Investment Fund Managers Directive (AIFMD).
Finally, the International Organization of Securities Commissions (IOSCO) published the final report on “Principles of Liquidity Risk Management for Collective Investment Schemes (CIS)” at the beginning of March. You will find the link to the full report on Page 15.
In the Tax News part you will find updates from the European Union on pages 16 and 17.
Please find the web link to the latest Aberdeen E-Alerts in the section from Luxembourg. In UK, the Treasury has launched its investment strategy paper and there are a few tax measures announced regarding the budget 2013.
Last but not least, we provide you also with some Accounting News which covers an update on the Financial Reporting Standard applicable in the UK and Republic of Ireland.