In France, the Autorité des Marchés Financiers published a Q&A document in order to help asset management companies to prepare for the implementation of the AIFMD. In addition to that, a dedicated e-mail address serves the asset managers to ask questions to the AMF they may have.
In Switzerland, the Swiss Financial Market Supervisory Authority is revising Circular 2008/8 which is now entitled “Distribution of collective investment schemes”.
At the beginning of April, the Financial Conduct Authority in UK published its Annual Funding Requirements for 2013/14, please find further details on page 6 and 7.
The following two pages give you an overview of the long awaited Policy Statement in relation to platforms and cash rebates which was published by the FCA.
On 16 April 2013 IOSCO published a consultation paper on high-level “Principles for Financial Benchmarks” with the aim to create a comprehensive framework of principles for benchmarks used in financial markets. Last but not least, IOSCO published in April also a consultation report on “Regulation of Retail Structured Products”.