On November 25, the European Commission issued its proposal on four legislative files, collectively referred to as the "CMU Package." As part of the formal process in the better regulation framework, the Commission has opened a feedback period for each of these proposals until January...
As previously advised, on 24 September 2021 the European Securities and Markets Authority published a consultation paper on the best execution reports that execution venues and investment firms are required to publish under MiFID II.
ICI Global submitted the attached letter to the Indian Government for consideration as they prepare the 2022 Union Budget. The letter describes tax issues and proposes recommendations to address the global regulated fund industry's outstanding tax issues.
This memorandum catalogues significant ESG related developments that have occurred since October. It references ICI memoranda that provide a more fulsome description of each matter.
On 24 September 2021, the European Securities and Markets Authority (ESMA) published a consultation paper ("CP") on the best execution reports that execution venues and investment firms are required to publish under MiFID II. ESMA is accepting comments on the CP by 23 December 2021...
The European Commission will delay the application of the Regulatory Technical Standards (RTS) under the Sustainable Finance Disclosure Regulation (SFDR) to 1 January 2023, as announced in a letter to the European Parliament and Council of the European Union.
On 22 October 2021, the European Supervisory Authorities (ESAs) published the final report on the draft regulatory technical standards (RTS) on the taxonomy-related disclosures for financial products subject to the disclosure requirements under Article 8 and Article 9 Sustainable...
The CFTC staff has issued a no-action letter to Korea Exchange, Inc. (KRX) with respect to the offer or sale of KOSPI 200 Futures Contracts and Mini KOSPI 200 Futures Contracts (together, "Contracts") to persons located within the United States.
On 23 November 2021, the Board of the International Organization of Securities Commissions (IOSCO) published final report (Final Report), containing ten recommendations applicable to ESG Ratings and Data Product Providers.
