Ireland launched its much-awaited Investment Limited Partnership regulation, which will bring the country closer to its competitors in terms of domiciliation. Read more here.
The Central Bank of Ireland (CBI) and the Commission de Surveillance du Secteur Financier (CSSF) have both elected to delay the implementation of the European Single Electronic Format (ESEF) reporting by one year.
European authorities have been busy, especially on the ESG front with the issuance of aconsultation on the draft Regulatory Technical Standardsrelating to theTaxonomyRegulation,ajoint statementrelating to thetimelines behind the SFDRor afinal report on Article 8 of the Taxonomy Regulation.
ESMA published a letter to the European Commission on its consultation of the European Long-Term Investment Funds (ELTIFs).
Still in theUK, the government just closed itsconsultation on cryptoassets and stablecoins. We currently expect a response from HM Treasury in Q2.
The Cayman Islands regulator announced a delay in the reporting of its CRS Compliance Form, from 15 March 2021 to 15 September 2021.
CIMA also shared the latest Fund Annual Return (FAR) template for Mutual Funds. No template is ready for entities covered by the Private Funds Law.
Further to the implementation of the Limited Partnership Fund regime in 2021, the Hong Kong government is now also considering tax concessions on carried interest of private funds.
The Singaporean Monetary Authority responded to feedback from the asset management industry on Environmental Risk Management disclosures.
About the Author
Director, Product DevelopmentUnited Kingdom
Paul joined Sanne in 2020. In his role as a Director in the Product Development team, Paul is responsible for reviewing regulatory changes across the industries which Sanne service and analysing how these changes affect our clients and services.