If you’d like to receive monthly round-ups of new posts on the blog, (“ESRS”), combined with external “assurance” of the information provided. CSRD first takes effect for financial years beginning on or after 1 January 2024 for companies (EU and non-EU) with securities listed on an EU “regulated market”. From 2025, large private EU companies will be in scope ..read more

If you’d like to receive monthly round-ups of new posts on the blog, the considerable macroeconomic and geopolitical challenges facing private equity. As we pass the year’s midpoint, those challenges continue to hang over the private equity industry like a stalled weather system, refusing to dissipate, as existing obstacles have solidified and new hurdles have emerged. While the crisis around the collapse of Silicon Valley Bank, First Republic Bank and Signature Bank was not protracted, it nonetheless compounded an already difficult liquidity environment. Fundraising remains highly competitive ..read more

If you’d like to receive monthly round-ups of new posts on the blog, the Commission de Surveillance du Secteur Financer (the “CSSF”), published a (the “Communication”) relating to a data collection exercise (the “Data Collection Exercise”) that requires Luxembourg fully authorized fund managers that manage Luxembourg-regulated and unregulated funds, and also other EU fund managers (and Luxembourg sub-threshold managers) managing Luxembourg CSSF-regulated funds (including ELTIFs), to provide in electronic format data on the pre-contractual sustainability disclosures made under the Sustainable F ..read more

If you’d like to receive monthly round-ups of new posts on the blog, that amends several EU directives, including the Markets in Financial Instruments Directive (the “MiFID”) and the Directive on Alternative Investment Fund Managers (the “AIFMD”) (the “Omnibus Directive”), and (ii) a proposed Regulation amending the PRIIPs ..read more

If you’d like to receive monthly round-ups of new posts on the blog, (“Consultation”) proposing amendments to the Regulatory Technical Standards under the Sustainable Finance Disclosure Regulation (the “SFDR Level II”). The Committee’s Consultation is in response to the European Commission’s (the “Commission”) request to address certain technical issues and broaden the disclosure framework under the SFDR ..read more

If you’d like to receive monthly round-ups of new posts on the blog, that amends several EU directives, including the Markets in Financial Instruments Directive (the “MiFID”) and the Directive on Alternative Investment Fund Managers (the “AIFMD”) (the “Omnibus Directive”), and (ii) a proposed Regulation amending the PRIIPs ..read more

If you’d like to receive monthly round-ups of new posts on the blog,   for a climate-related financial disclosure regime for asset managers (as well as life insurers and FCA-regulated pension providers). As expected, the FCA’s new rules require firms in scope to produce climate related disclosures based on the Recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD). TCFD is an international initiative for companies and investors to disclose climate related information. The rules first apply to the largest asset managers from 1 January 2022. The rules form pa ..read more

If you’d like to receive monthly round-ups of new posts on the blog,  ..read more

If you’d like to receive monthly round-ups of new posts on the blog,  paper which aims to provide further clarity to fund managers on selected aspects of Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial sector (“SFDR ..read more

If you’d like to receive monthly round-ups of new posts on the blog, its long-awaited answers to questions raised in September 2022 by the European Supervisory Authorities (the “ESAs”) on the legal interpretation of the Sustainable Finance Disclosure Regulation (the “ ”). The answers provide clarification on significant points of interpretation in the SFDR, in particular in relation to the concept of “sustainable investment” and the meaning of “to consider” principal adverse impacts ..read more