We disagree with an extension of its scope to UCITS’ and AIFs’ management companies to the scope of the reporting requirements imposed by MiFIR, Art. 26. This extension would be in breach of the principle of proportionality, as:
Distribution & Client Disclosures
EFAMA monitors issues surrounding fund distribution and disclosures to investors. These include investor protection and disclosure issues arising from the evolving PRIIPs and MiFID frameworks, the shift towards digital distribution tools, and the continued integration of ESG considerations into fund products.
Related policy positions
Policy position
Capital Markets
Distribution ＆ Client Disclosures
EU Fund regulation
UCITS
23 November 2020
EFAMA's reply to ESMA's CP on MiFIR Review report on the obligations to report transactions & reference data
Policy position
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
Policy position
Capital Markets
MIFID
Distribution ＆ Client Disclosures
Sustainable Finance
08 July 2020
EFAMA responds to EC draft DA on integration of ESG into MiFID II
Related news
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
Speech
Capital Markets
Distribution ＆ Client Disclosures
13 October 2020
Speech by Tanguy van de Werve at CMVM Annual Conference on 8 October 2020
CMVM 2020 Conference – 8 October 2020
Press Release
Capital Markets Union
Competitiveness
Distribution ＆ Client Disclosures
EU Fund regulation
Management Companies
24 September 2020
An ambitious CMU Action Plan that will need strong political support from Member States
Building a Capital Markets Union (CMU) that serves the needs of European citizens and businesses is an ambitious yet, essential - project that requires a long-term political vision, determination and perseverance.
The new CMU Action Plan adopted today by the European Commission, which largely builds on the recommendation of the CMU High-Level Forum, is a milestone in the journey towards the realisation of this ambition for Europe.
Related publications
Publication
Capital Markets Union
Distribution ＆ Client Disclosures
EU Fund regulation
Investor Education
Management Companies
Pensions
Sustainable Finance
Tax ＆ Accounting
10 September 2020
Household Participation in Capital Markets - Country Statistical Profiles
Publication
Capital Markets Union
Distribution ＆ Client Disclosures
PRIIPs
EU Fund regulation
Investor Education
Pensions
Tax ＆ Accounting
Withholding taxes
21 July 2020
3 questions to Sheila Nicoll and Alexander Schindler on the Capital Markets Union High Level Forum
Q #1 What is the difference of the High-Level Forum report to previous initiatives on the Capital Markets Union? What is different this time around?
Publication
Capital Markets
Capital Markets Union
Competitiveness
Data
Distribution ＆ Client Disclosures
EU Fund regulation
International agenda
Management Companies
Pensions
Stewardship
Supervision
Sustainable Finance
Tax ＆ Accounting
11 June 2020
Annual Review June 2019-June 2020
"It gives me great pleasure to provide you with an overview of our activities since our Annual General Meeting in Paris last year. While we were very much looking forward to hosting you all in Brussels this week, the current crisis and associated travel restrictions has forced us to improvise and turn our meeting into a virtual AGM.
Contact
Regulatory Policy Advisor
