The section Accounting Content is devoted to the UK exposure draft for revision of the Statement or Recommended Practice for financial statements of Investment Trust Companies and Venture Capital Trusts, which was issued by the Association of Investment Companies (AIC).
ESMA issued updates on the UCITS risk measurement Q&A and comments on the revision of guidelines on ETFs and other UCITS issues; the links can be found on page 3.
In the UK, the Central Bank published the 6th edition of the AIFMD Q&A. In addition, it published guidance and forms on the marketing of AIFs. Interesting news from Ireland and important key dates are on page 5.
The Switzerland section contains detailed information regarding a new requirement on fund distribution as per the Collective Investment Schemes Act (CISA) from 1 January 2014.
The Tax News comment on the Luxembourg VAT authorities publishing a Circular (36kb) specifying the scope of VAT exemption applicable to the management of investment funds. Furthermore, we have included the links to the latest Aberdeen e-Alerts. Another tax update refers to the UK - you will find detailed information in regard to the Draft Finance Bill 2014, the provisions of which are relevant to the management of funds.