Management Companies

EFAMA has been looking at legislative proposals with a direct impact on asset management companies and services, and closely follows any regulatory developments of critical importance to the sector. In addition to issues related to risk management and financial stability, high up on the agenda of EFAMA members is the framework for a prudential regime for Investment Firms (IFD/R), and related implementing measures directly descending from such framework.

EFAMA is focused on minimising the impact of the rules on asset management companies, in particular those holding a limited MiFID license. Key to the sector is the need for proportionality, especially firms that are not authorised to hold client money/securities, or to deal on their own account.

Related policy positions

Policy position

EFAMA responds to Commission consultation on digital operational (cyber) resilience in financial services

Management Companies

Operational resilience

23 March 2020

EFAMA responds to Commission consultation on digital operational (cyber) resilience in financial services

As players in a globalised and technologically-driven financial services industry, asset management companies face cyber-security risks on a daily basis. Cyber-attacks aim mainly at obtaining, or restricting access to, sensitive data, related to clients and/or to portfolio construction and composition, trading and risk management, among other asset management functions.

Policy position

EFAMA Policy Recommendations for the Next European Commission

Capital Markets Union

Competitiveness

Distribution ＆ Client Disclosures

PRIIPs

EU Fund regulation

UCITS

Investor Education

Management Companies

AIFMD

Pensions

Supervision

Sustainable Finance

17 June 2019

Policy Recommendations for the Next European Commission

Policy position

FinDatEx supports standardised technical templates

Distribution ＆ Client Disclosures

PRIIPs

Management Companies

29 May 2019

FinDatEx supports standardised technical templates

EFAMA reacts to IOSCO statement on liquidity risk management for investment funds

EFAMA welcomes the recent statement by Ashley Alder, IOSCO Board Chair, on liquidity risk management for investment funds.

Press Release

EU Fund regulation

Exchange-traded Funds

Management Companies

Financial stability

15 July 2019

Liquidity and counterparty risks in ETFs

EFAMA recently finalised a Comment Paper in response to the ECBs November 2018 findings around liquidity and counterparty risks in ETFs, included in the ECBs semi-annual Financial Stability Review.

Press Release

Distribution ＆ Client Disclosures

PRIIPs

EU Fund regulation

UCITS

Management Companies

AIFMD

Supervision

17 April 2019

EFAMA welcomes final agreement on legislation facilitating cross-border distribution of funds

We welcome yesterday's vote by the European Parliament plenary, formally adopting the trilogue agreement on the Commission's initiative to remove cross-border barriers to the distribution of investment funds.

This marks a decisive recognition of the need to postpone the application of the PRIIPs disclosure regime for UCITS by two years, in light of the regime's documented shortcomings. It also allows the European Commission more time to conduct a thorough review of the same within one year.

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Related publications

Publication

Competitiveness

Data

Distribution ＆ Client Disclosures

EU Fund regulation

Management Companies

Statistics

Sustainable Finance

15 December 2021

Asset Management Report 2021

This is our 13th edition of the Asset Management in Europe report, which provides an in-depth analysis of recent trends in the European asset management industry, focussing on where investment funds and discretionary mandates are managed in Europe.

Publication

Management Companies

AIFMD

04 November 2021

Infographic | The delegation process

The AIFMD is one of the pillars of EU regulation for investment funds, which will be crucial to the development of the Capital Markets Union (CMU) and the post Covid-19 economic recovery in the European Union. One subject that the AIFMD covers is the delegation process. We created the below infographic to shine a light on how delegation works under the current AIFMD, including how the delegation process is controlled, what activities can be delegated and what the benefits of delegation are for end investors and the asset management industry.

Publication