We welcome yesterday's vote by the European Parliament plenary formally adopting two ‘quick fixes’ for PRIIPs (Packaged retail investments and insurance-based products) and UCITS (Undertakings for Collective Investment in Transferable Securities).
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
Press Release
Distribution ＆ Client Disclosures
PRIIPs
24 November 2021
European Parliament votes on ‘quick fixes’ for PRIIPs and UCITS - EFAMA statement
Press Release
Distribution ＆ Client Disclosures
PRIIPs
22 October 2021
EFAMA Statement on the ECON Committee’s draft report amending the UCITS directive for PRIIPs
Andreas Stepnitzka, EFAMA Deputy Director, Regulatory Policy, comments:
Policy Position
Distribution ＆ Client Disclosures
Management Companies
29 September 2021
Distance marketing of consumer financial services – Review of EU rules
EFAMA provided high-level comments to the Commission’s consultation on the potential review of the Directive on Distance Marketing of Consumer Financial Services.
We agree with the Commission’s interpretation that the Directive is seen as a “safety net” for financial services not already subject to product-specific legislation. Fund and asset managers are already subject to various, more stringent and detailed sectoral legislations, such as (but not limited to) UCITS, AIFMD and MiFID as well as the (more recent) Cross-Border Fund Distribution Directives.
Related news
Press Release
Competitiveness
Distribution ＆ Client Disclosures
EU Fund regulation
International agenda
Management Companies
Pensions
Statistics
Stewardship
Sustainable Finance
26 November 2020
EFAMA Annual Asset Management Report the industry bellwether
The European Fund and Asset Management Association (EFAMA) has published today the 12th edition of its Asset Management Report*. The report aims to provide a unique and comprehensive set of facts and figures on the state of the industry at the end of 2018 but also to highlight the fundamental role of asset managers in the financial system and wider economy.
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
Related publications
Publication
MIFID
Distribution ＆ Client Disclosures
PRIIPs
Management Companies
AIFMD
03 June 2020
Investment Funds Distributor Due Diligence Questionnaire
Funds face unique challenges in performing intermediary oversight, and especially so because of MiFID II requirements, changing regulatory landscapes, and the absence of an industry agreed-upon standard between funds and their distribution channels. To help address these challenges, a dedicated working group developed a uniform due diligence questionnaire (DDQ) that will serve as the standard for investment funds (UCITS and AIFs) in performing onboarding and ongoing oversight of distribution channels.
Publication
Capital Markets
MIFID
Data
Distribution ＆ Client Disclosures
04 March 2020
3 Questions to Rudolf Siebel on Market Data Costs
Q #1 Have you witnessed an increase in the cost of market data over the last couple of years? If so, how can it be explained?
Publication
Capital Markets
Capital Markets Union
Competitiveness
Distribution ＆ Client Disclosures
EU Fund regulation
Management Companies
Sustainable Finance
24 September 2018
Asset Management Report 2018
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