16
Oct
2012
ESMA Q&A on the Short Selling Regulation
Earlier this year, the European Parliament and the Council of the European Union adopted Regulation 236/2012 on short-selling and certain aspects of credit default swaps. The Regulation is designed to increase transparency of short positions held by investors in certain EU securities and sovereign debt, and to address the potential risks arising from short-selling and credit default swaps in a harmonised manner.
16
Oct
2012
EFAMA Position Paper on UCITS V Proposals
The European Fund and Asset Management Association (EFAMA) has commented on the European Commission’s legislative proposals to amend Directive 2009/65/EC (the UCITS V proposals).
16
Oct
2012
IOSCO Policy Recommendations for Money Market Funds
On 9 October 2012, the International Organisation of Securities Commissions (IOSCO) published its final report on policy recommendations for MMFs which proposes 15 recommendations as the basis for common standards for the regulation and management of MMFs across jusrisdictions.
16
Oct
2012
Responses to ESMA Consultation on Delegated Acts under the Prospectus Directive
On 25 January 2011, the European Commission published its request to ESMA for advice on possible delegated acts concerning the Prospectus Directive, as amended. In its Consultation Paper ESMA sets out its proposals for: (a) amendments to the Prospectus Regulation in order to achieve greater clarity; and (b) application of the proportionate disclosure regime to convertible/exchangeable debt securities.
11
Oct
2012
Test Achats
In this bulletin, we address a number of the discussion points from the William Fry Insurance, Pensions and Employment’s “Test Achats” roundtable session of Thursday 11 October 2012.