Flashnews: AIFMD Review: the process is ongoing

Then, on 10 June 2020 the Commission issued its own report to the European Parliament and the Council on the application and scope of the AIFMD.

And on 18 August 2020 ESMA sent a letter to the Commission to recommend topics to include in this AIFMD review, here are some examples of topics addressed in those recommendations:

• Harmonisation of AIFMD and UCITSregimes
• Clarifications on delegation and substance (extent of delegation, applicable regime in case of delegation) and on the application of the proportionality principles in remuneration
• Improvement of the existing AIFMD reporting, with notably the incorporation of ESG data.

Next steps for the AIFMD review:

• A consultation from the Commission will be issued this Autumn 2020 
• And then a legislative proposal amending AIFMD is expected in the course of 2021.

* https://ec.europa.eu/info/publications/190110-aifmd-operation-report_en

Useful links:

03 September 2020 : Article The settlement disciplines regime (CSDR): Destination 2022
26 August 2020: Article The settlement disciplines regime (CSDR): A likely short-lived date
28 July 2020: Article CSDR: Could the implementation of the future settlement discipline regime be pushed back by a year?
03 July 2020: Podcast CSDR: Get ready
05 March 2020: Article CSDR: The future settlement discipline regime