In the Regulatory News you will also find information what the European Securities and Markets Authority recently published, on the one hand two Consultation Papers on AIFMD and on the other hand new guidelines on repurchase and reverse repurchase agreements and the translations of the consolidated guidelines on ETFs and other UCITS issues. At the beginning of December, the Autorité des Marchés Financiers made available updated versions of its four existing UCITS guides.
On page 10 you will find the latest news from Germany. The German government adopted a draft of the law to transpose the AIFMD into German law. In UK, the Financial Services Authority published a consultation paper on the use by the prospective Financial Conduct Authority on temporary product intervention rules.
In the Tax News part UK reports on different news regarding the timetable for UK tax transparent funds, FATCA, the Government's Autumn Statement presented by the Chancellor and the consultation on taxation of unauthorized unit trusts. You will find a KPMG comment to these news accordingly on page 14 and 17.