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Covid-19 Updates We have been closely monitoring the advice and developments relating to the spread of Covid-19 and have taken the necessary measures to ensure business continuity. EFAMA’s team is working remotely until further notice, but staff members are easily reachable by e-mail and phone. All member meetings have been turned into conference or video calls. COVID-19 has significant implications for our members with many having to focus resources on managing business continuity issues and dealing with unstable markets. Stay Safe!	Recent Initiatives We are continuously consulting with our members. Below are recent initiatives taken in the wake of COVID-19: Coalition letter to the OECD & European Commion about the challenges and practical solutions for global withholding tax relief procedures in light of COVID-19 (20 APR 2020) Industry association letter to the European Commission recommending deferral of E DAC6 reporting obligations (20 APR 2020) Coalition letter to OECD regarding Covid-19 related challenges to Collective Investment Vehicles receiving treaty relief (16 APR 2020) EFAMA-McKinsey webinar “Strategic Perspective on Asset Management Industry Evolution post COVID-19" (16 APR 2020) EFAMA-KPMG webinar "Challenges for asset managers" (9 APR 2020) Speaking at EPFSF webinar "Responding to the Covid-19 crisis: Financing Europe's economy" (8 APR 2020) EFAMA reply to ECB flash survey on operation of post trade services during the covid-19 pandemic (3 APR 2020) Letter to ECB, Covid-19 pandemic: key recommendations relating to the current conditions in European money markets (31 MAR 2020) Letter to ESMA, Covid-19 pandemic: implications for the fund and asset management industry (27 MAR 2020) Industry Association letter on the impact of Covid-19 on initial margin phase-in (25 MAR 2020) Coalition letter on keeping European markets open (23 MAR 2020) Coalition letter to the European Commission and to ESMA regarding MiFID Consultations (19 MAR 2020)
Further links to information on COVID-19: European Parliament https://www.europarl.europa.eu/news/en/headlines/priorities/eu-response-to-coronavirus European Commission https://ec.europa.eu/info/live-work-travel-eu/health/coronavirus-response_en#latest ESMA https://www.esma.europa.eu/about-esma/covid-19 ECB https://www.ecb.europa.eu/home/search/html/coronavirus.en.html OECD http://www.oecd.org/coronavirus/en/ IMF https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 FSB https://www.fsb.org/2020/04/fsb-members-take-action-to-ensure-continuity-of-critical-financial-services-functions/