This memo covers investments in collective investment vehicles (CIV) in contractual, trust, or corporate form (simply referred as funds) from corporate and institutional investors acting on their own account (e.g. banks, life insurers, industry companies, etc.) and the accounting treatment of such investments under the upcoming IRFS 9 rules. While IFRS 9 contains many positive evolutions, many of our members have been warned by their client investors that IFRS 9 would change their attitude towards investing in funds.
Policy
Latest positions
Policy Topics
Tax & Accounting
Accounting
12 May 2016
IFRS 9 phase 1 implementation will have a negative impact on asset management industry
Capital Markets
EMIR
SFTR
Management Companies
Financial stability
25 April 2016
EFAMA’s reply to ESMA’s Discussion paper on draft RTS and ITS under the Securities Financing Transaction Regulation
EFAMA is grateful for the opportunity to contribute to the drafting of the Regulation through a consultation and we appreciate the effort of the regulator to adopt an approach to reporting consistent with EMIR and to develop, where more efficient, a different reporting logic.
Tax & Accounting
Accounting
25 April 2016
EFAMA response on OECD Public Discussion Draft on the treaty entitlement of Non-CIVs
EFAMA is grateful for the opportunity to comment on the OECD Public Discussion Draft related to concerns received by the OECD on previous discussion drafts related to the Report on Action 6, as to how the new provisions included in the Report on Action 6 could affect the treaty-entitlement of nonCIVs. We agree with the aim of the discussion draft to clarify any concerns in relation to the discussion concerning the treaty entitlement of CIVs / Non-CIVs.