In the October issue of Fund News, we take a detailed look at CSSF Circular 12/546 on substance requirements for UCITS management companies and self-managed SICAVs, at the MIFID II and MIFIR texts voted on 26 October, 2012 and we remind of the broad aims of the Regulation on short selling and credit default swaps entering into force on 1 November, 2012 with links to the relevant documents.
We also review the Commission work programme 2013, IOSCO policy recommendations on money market funds and ESMA consultation on Remuneration policies and cover regulatory and tax changes in Ireland, Spain and the US.