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 response to EBA's CPs on implementation measures of new regulatory framework for Investment Firms

Management Companies

04 September 2020

EFAMA responds to EBA CPs on implementation measures of new regulatory framework for Investment Firms

In light of the current COVID-19 circumstances and the already existing ambitious time table for the implementation, EFAMA calls for the EBA to carefully consider these circumstances and request the EC to postpone the date for the application of the IFD/IFR framework (26 June 2021) and the time table of the level 2 measures (such as the deadline of 26 December 2020 for providing drafted RTS and ITS).

Policy position

EFAMA Reply to consultation for an EC Action Plan to prevent money laundering and terrorist financing

Management Companies

Anti-Money Laundering

26 August 2020

EFAMA Reply to consultation for an EC Action Plan to prevent money laundering and terrorist financing

As highlighted in President’s von der Leyen guidelines for the new Commission, the complexity and sophistication of the Union’s financial system has opened the door to new risks of money laundering and terrorist financing. The European Union needs to step up its regulatory framework and preventive architecture to ensure that no loopholes or weak links in the internal market allow criminals to use the EU to launder the proceeds of their illicit activities.

Policy position

Associations Letter: Integration of sustainability factors and risks into MiFID II IDD and Solvency II

Distribution ＆ Client Disclosures

Management Companies

Sustainable Finance

27 July 2020

Associations Letter: Integration of sustainability factors and risks into MiFID II IDD and Solvency II

Monthly Statistics September 2020 | Steady inflows into UCITS equity funds in September

The European Fund and Asset Management Association (EFAMA) has today published its latest monthly Investment Fund Industry Fact Sheet, which provides net sales data of UCITS and AIFs for September 2020*.

Bernard Delbecque, Senior Director for Economics and Research commented: Net inflows into UCITS equity funds remained steady in September despite concerns about rising Covid-19 infection rates and the potential impact of new lockdown measures.

The main developments in September 2020 can be summarised as follows:

Speech

Capital Markets Union

Distribution ＆ Client Disclosures

PRIIPs

EU Fund regulation

UCITS

Management Companies

AIFMD

Pensions

16 November 2020

Initial reactions on the new Capital Markets Union action plan - Keynote by Tanguy van de Werve

6th Cyprus International Funds Summit - 16 November 2020

Press Release

Competitiveness

EU Fund regulation

UCITS

Management Companies

AIFMD

Statistics

26 October 2020

Monthly Statistics August 2020 | UCITS and AIFs continue to record net inflows in August

Bernard Delbecque, Senior Director for Economics and Research commented: "Thanks to positive news on the global economic recovery, long-term UCITS continued to record net inflows in August, albeit at a slower pace than during the previous four months."

all news

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