• Service: Financial Services
  • Industry: Investment Management, Fund News
  • Type: Regulatory update
  • Date: 10/17/2013

Fund News - Issue 107 - September 2013 

Fund News issue 107 provides you with regulatory updates from Belgium, Ireland, Switzerland and UK.
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Our latest edition of Fund News - Issue 107 - provides you with regulatory news from the European Union, Ireland, Switzerland and UK on the one hand, and a tax update from Netherlands on the other hand. At the beginning of September, the European Commission issued a proposal for a Regulation on Money Market Funds which has several impacts on existing guidelines - you will find further details on page 3 and 4. Furthermore, the European Commission issued a proposal for Regulation on financial benchmarks which should mainly improve benchmark's market integrity and fairness in order to restore confidence in financial markets and ensure the protection of consumers and investors. From Ireland you will find some news by the Central Bank which published a Prospectus Handbook and Consultation Paper reviewing this Handbook accordingly. In Switzerland, the FINMA Circular 2013/9 regarding the “Distribution of collective investment schemes” enters into force on 1. October 2013, you will find an unofficial English translation on our website kpmg.ch. On page 8 to 12 you will find insights from the UK Financial Conduct Author's proposals for implementing the AIFMD's Remuneration Code.


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