M&G Investments Europe’s CEO, Micaela Forelli, to become Vice-President
M&G Investments Europe’s CEO, Micaela Forelli, to become Vice-President
The Annual Review highlights EFAMA’s key achievements over the past 12 months and provides a useful overview of the main topics we cover.
EFAMA publishes Buyside Practitioner’s Guide to Tokenisation
Today, EFAMA has published its latest International Quarterly Statistical Release for Q1 2025.
This article was first published in Delano on 11 June 2025.
As investment strategies adapt to meet new fund naming rules and evolving expectations around sustainability, product clarity is more essential than ever, writes Anyve Arakelijan in this guest contribution.
EFAMA publishes recommendations for capital market integration
EFAMA welcomes the European Securities and Market Authority’s continuous commitment to creating a single market for investment funds, confirmed by the draft regulatory standards currently under consideration. These RTS/ITS would further harmonise information that asset managers should provide to their national competent authorities before marketing or managing an investment fund on a cross-border basis, thus facilitating intra-EU product distribution.
EFAMA welcomes the OECD's work on Schedule C: Exclusion of Revenues and profits from Regulated Financial Services from the scope of Pillar One, in particular the amendments to the definition of “Asset Manager", licensing asset management as a business, the level of regulaton and the activities list.
EFAMA shares the urgent need to improve the consistency and comparability of sustainability reporting at a global level. Therefore, we welcome the opportunity to respond to the ISSB consultation on the Exposure Drafts on “General Requirements for Disclosure of Sustainability Related Financial Information” (IFRS S1) and on “Climate-Related Disclosures” (IFRS S2).
EFAMA strongly supports the initiative carried out by EFRAG with the publication of the Exposure Drafts on the European Sustainability Reporting Standards (ESRS). The Exposure Drafts provide key elements framing the architecture of reporting requirements and clarifying the content and key concepts of CSRD. The resulting data will be of crucial importance for investors and for achieving the EU objective to transition towards a zero emissions economy by 2050.
EFAMA supports the Commission’s efforts to encourage more companies to finance their investment through equity contributions rather than debt financing.
The Commission decided to follow a policy option that will enable the deductibility of an allowance on equity financing costs complemented by a rule to limit the deductibility of interest on debt financing instruments.

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