Insights

• Luxcellence, CACEIS’ Management Company
• How is CACEIS coping with the impacts of COVID-19 for Private Assets clients?
• C4 Ventures selects CACEIS as its servicing partner for its new fund, C4 Ventures II
• Interview with Pat Sharman, Managing Director, KAS Bank UK, CACEIS Group
• Annual General Meetings 2020 - another step towards digitisation?
• DAC 6: new tax transparency obligations
• Fund Governance – The Issues, the Outlook and the Solutions

EUROPEAN UNION

• ANTI-MONEY LAUNDERING / COMBATING THE FINANCING OF TERRORISM (AML / CFT)
• EUROPEAN MARKET INFRASTRUCTURE REGULATION (EMIR)
• FINANCIAL MARKET INFRASTRUCTURE
• INVESTMENT FUNDS / COLLECTIVE INVESTMENT SCHEMES (CIS) / ASSET MANAGEMENT
• MARKETS IN FINANCIAL INSTRUMENTS DIRECTIVE AND REGULATION (MIFID II / MIFIR)
• MONEY MARKET FUNDS REGULATION (MMFR)
• PACKAGED RETAIL AND INSURANCE-BASED INVESTMENT PRODUCTS (PRIIPs)
• PAYMENT SERVICES DIRECTIVE (PSD2)
• REGULATION ON SHORT SELLING AND CERTAIN ASPECTS OF CREDIT DEFAULT SWAPS
• SECURITIES FINANCING TRANSACTIONS REGULATION (SFTR)
• SHAREHOLDES' RIGHTS DIRECTIVE (SRD II)
• SUSTAINABLE FINANCE / GREEN FINANCE
• BREXIT
• CENTRAL SECURITIES DEPOSITARY REGULATION (CSDR)
• COVID-19 REGULATORY MEASURES
• DATA PROTECTION / GENERAL DATA PROTECTION REGULATION (GDPR) / EPRIVACY REGULATION (EPR)

BELGIUM

• ANTI-MONEY LAUNDERING / COMBATING THE FINANCING OF TERRORISM (AML / CFT)
• COVID-19 REGULATORY MEASURES
• DAC 6
• MONEY MARKET FUNDS REGULATION (MMFR)
• PAYMENT SERVICES DIRECTIVE (PSD2)
• SHAREHOLDES' RIGHTS DIRECTIVE (SRD II)

FRANCE

• COVID-19 REGULATORY MEASURES
• DIGITAL ECONOMY
• FINANCIAL MARKET AMENDMENT LAW
• FINANCIAL SUPERVISION
• INSURANCE
• INVESTMENT FUNDS / COLLECTIVE INVESTMENT SCHEMES (CIS) / ASSET MANAGEMENT
• REGULATION ON SHORT SELLING AND CERTAIN ASPECTS OF CREDIT DEFAULT SWAPS
• SECURITISATION REGULATION
• SUSTAINABLE FINANCE / GREEN FINANCE

GERMANY

• COVID-19 REGULATORY MEASURES
• CYBERSECURITY
• DIRETIVE ON THE INSTITUTIONS FOR OCCUPATIONAL RETIREMENT PROVISION (IORP II)
• FINANCIAL SUPERVISION
• FINANCIAL SYSTEM STABILITY
• INVESTMENT ACT
• MONEY MARKET FUNDS REGULATION (MMFR)
• PENSION SCHEMES
• PRUDENTIAL REQUIREMENTS FOR INVESTMENT FIRMS DIRECTIVE & REGULATION (IFD / IFR)
• REGULATION ON THE COLLECTION OF GRANULAR CREDIT DATA AND CREDIT RISK DATA (ANACREDIT REGULATION)
• SECURITIES
• SUSTAINABLE FINANCE / GREEN FINANCE
• TRANSPARENCY DIRECTIVE
• INTEREST RATE

HONG KONG

• COVID-19 REGULATORY MEASURES
• FINANCIAL SUPERVISION
• INVESTMENT FUNDS / COLLECTIVE INVESTMENT SCHEMES (CIS) / ASSET MANAGEMENT
• PRIVATE EQUITY
• REPORTING

IRELAND

• COVID-19 REGULATORY MEASURES
• DATA PROTECTION / GENERAL DATA PROTECTION REGULATION (GDPR) / EPRIVACY REGULATION (EPR)
• FINANCIAL REPORTING
• INVESTMENT FUNDS / COLLECTIVE INVESTMENT SCHEMES (CIS) / ASSET MANAGEMENT

ITALY

• ANTI-MONEY LAUNDERING / COMBATING THE FINANCING OF TERRORISM (AML / CFT)
• BREXIT
• CAPITAL REQUIREMENTS / CRD / CRR /BASEL III/IV
• COVID-19 REGULATORY MEASURES
• FINANCIAL REPORTING
• INTEREST RATE
• INVESTMENT FUNDS / COLLECTIVE INVESTMENT SCHEMES (CIS) / ASSET MANAGEMENT
• MARKETS IN FINANCIAL INSTRUMENTS DIRECTIVE AND REGULATION (MIFID II / MIFIR)
• PACKAGED RETAIL AND INSURANCE-BASED INVESTMENT PRODUCTS (PRIIPs)
• PROSPECTUS REGULATION
• SHAREHOLDES' RIGHTS DIRECTIVE (SRD II)
• STRESS TEST
• TRADING RULES

LUXEMBOURG

• ANTI-MONEY LAUNDERING / COMBATING THE FINANCING OF TERRORISM (AML / CFT)
• CAPITAL REQUIREMENTS / CRD / CRR /BASEL III/IV
• COVID-19 REGULATORY MEASURES
• DIRECTIVE ON SECURITY OF NETWORK AND INFORMATION SYSTEMS (NIS DIRECTIVE)
• EUROPEAN MARKET INFRASTRUCTURE REGULATION (EMIR)
• FINANCIAL REPORTING (FINREP)
• INVESTMENT FUNDS / COLLECTIVE INVESTMENT SCHEMES (CIS) / ASSET MANAGEMENT
• MARKETS IN FINANCIAL INSTRUMENTS DIRECTIVE AND REGULATION (MIFID II / MIFIR)
• MONEY MARKET FUNDS REGULATION (MMFR)
• SECURITIES
• THIRD COUNTRY ACCESS & EQUIVALENCE REGIMES

NETHERLANDS

• ANTI-MONEY LAUNDERING / COMBATING THE FINANCING OF TERRORISM (AML / CFT)
• BENCHMARKS
• DIRECTIVE ON THE PROTECTION OF PERSONS WHO REPORT BREACHES OF UNION LAW (WHISTLEBLOWERS DIRECTIVE)
• FINANCIAL INSTRUMENTS
• INVESTMENT MANAGEMENT
• MARKETS IN FINANCIAL INSTRUMENTS DIRECTIVE AND REGULATION (MIFID II / MIFIR)
• PRUDENTIAL REQUIREMENTS FOR INVESTMENT FIRMS DIRECTIVE & REGULATION (IFD / IFR)

SWITZERLAND

• BANKING SUPERVISION
• COVID-19 REGULATORY MEASURES
• FINANCIAL MARKET AMENDMENT LAW
• FINANCIAL REPORTING
• FINANCIAL SUPERVISION
• PENSION SCHEMES
• SUPERVISION

UNITED KINGDOM

• BENCHMARKS REGULATION (BMR)
• BREXIT
• CAPITAL REQUIREMENTS / CRD / CRR / BASEL III/IV
• COVID-19 REGULATORY MEASURES
• CRYPTOASSET / CRYPTOCURRENCY / VIRTUAL CURRENCY
• FINANCIAL SUPERVISION
• OUTSOURCING
• PACKAGED RETAIL AND INSURANCE-BASED INVESTMENT PRODUCTS (PRIIPs)
• REGISTER OF BENEFICIAL OWNERS
• REGULATORY FEES
• SENIOR MANAGERS & CERTIFICATION REGIME (SM&CR)
• SHAREHOLDES' RIGHTS DIRECTIVE (SRD II)
• SECURITIES FINANCING TRANSACTIONS REGULATION (SFTR)

INTERNATIONAL

• ANTI-MONEY LAUNDERING / COMBATING THE FINANCING OF TERRORISM (AML / CFT)
• BENCHMARKS REGULATION (BMR)
• BREXIT
• CENTRAL SECURITES DEPOSITARY REGULATION (CSDR)
• COVID-19 REGULATORY MEASURES
• CRYPTOASSET / CRYPTOCURRENCY / VIRTUAL CURRENCY
• MARKETS IN FINANCIAL INSTRUMENTS DIRECTIVE AND REGULATION (MIFID II / MIFIR)

Fund governance encompasses many issues including boardroom effectivity and outsourcing, and it has numerous touchpoints within ESG. This report visits many of these issues.

With the current Covid-19 pandemic, the action of fund boards has reached a high point of complexity and importance – but even before the outbreak, boardrooms were being called on to step up their level of fund governance under the FCA Assessment of Value regime in the UK.

In this survey, Funds Europe, in partnership with CACEIS, gauges perceptions on the value that independent directors bring to fund boards and how well fund infrastructures, such as delegated authorised corporate directors and third-party management companies – which play a vital role in investors’ protection – are understood.

ACTUALITÉS LÉGISLATIVES ET RÉGLEMENTAIRES

• TEXTES LÉGISLATIFS ET RÉGLEMENTAIRES NATIONAUX
• Fonds
• Prospectus 
• TEXTES LÉGISLATIFS ET RÉGLEMENTAIRES EUROPÉENS
  • Loi PACTE / PSAN (Prestataires de services d’actifs numériques)
  • Marchés
  • Loi PACTE - rectificatif
  • Émetteurs

COMMUNICATION AMF

• INSTRUCTION
  • Blockchain
• DÉCISION
  • Émetteurs
• POSITION
  • Marchés
• ÉTUDE
  • Émetteurs
• GUIDE
  • Commercialisation

AUTRES COMMUNICATIONS FRANÇAISES

• ACPR (AUTORITÉ DE CONTRÔLE PRUDENTIEL)
  • Émetteurs
  • LAB - FT (Lutte anti blanchiment – Financement du terrorisme)
• AFTI
  • Dépositaire d’OPCVM
• CNIL
  • GDPR/Sanction
• TRACFIN
  • LAB - FT (Lutte anti blanchiment – Financement du terrorisme)

ACTUALITÉS EUROPÉENNES

• CONSEIL DE L'UE
  • Épargne
  • MIF 2
  • LAB - FT (Lutte anti blanchiment – Financement du terrorisme)
• COMMISSION EUROPÉENNE
  • Brexit
• EBA (EUROPEAN BANKING AUTHORITY)
  • Supervision
  • DSP2 (Directive Services de paiements)
• ESMA (EUROPEAN SECURITIES AND MARKETS AUTHORITY)
  • MIFID-MIFIR
  • AIFM & UCITS
  • Benchmark
  • CSDR (Règlement sur les dépositaires centraux de titres)
  • EMIR
  • Titrisation

In this study, EDHEC-Risk Institute explores a novel approach to address the challenge raised by the standard investment practice of treating attributes as factors, with respect to how to perform a consistent risk and performance analysis for equity portfolios across multiple dimensions that incorporate micro attributes.