FundGlobam Monthly Market Monitoring February 2020 edition reported 67 relevant events out of a 492 events collected.
Europe’s contribution is the most important share with a total of 60,7% collected events; 11,9% from Asia-Pacific, 17,2% from Middle East Africa and 11,2% from America.
Regulatory aspects have been highlighted principally in Austria, Croatia, Cyprus, France, Germany, Italy, Latvia, Lithuania, Luxembourg, Poland, Portugal, Spain, Slovenia, Sweden, Switzerland, Guernsey, Jersey, Hong Kong, Singapore, Taiwan, Thailand, Bahamas, British Virgin Islands, Canada (Ontario/Quebec), Israel, United Arab Emirates,as well as regulatory changes provided by the European Securities and Market Authority (ESMA), the European Banking Authority (EBA), and the European Commission (EC).
Statistics and data have been mainly published by Austria, Denmark, Germany, Ireland, Luxembourg, Portugal, Romania, Spain, Sweden, the UK, Norway, Switzerland, Isle of Man, Jersey, South Korea, Argentina, Brazil, Mauritius, as well as statistics provided by the European Fund and Asset Management Association (EFAMA).
Some news to be highlighted:
- AFG’s Distributor Questionnaire for French market place (made in collaboration with FundGlobam)
- HK SFC and CSSF amended their MoU concerning Mutual Recognition of Covered Funds and Covered Management Companies
- The Swedish Supreme Administrative Court (Swedish SAC) to render a judgment to refund withholding tax to foreign investment funds distributed in Sweden
- Spanish CNMV to approve a technical guide on the procedures to select intermediairies
- The European Commission to launch a consultation on the review of the regulatory framework for investment firms and market operators
- 16 jurisdictions are now off the EU blacklist / tax watchlist
4 new jurisdictions have been added into the EU blacklist / tax watchlist - Taiwan FSC and German BaFIN to enhance cross-border banking and insurance supervisory cooperation
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The 2020 edition of FundGlobam Monthly Market Monitoring is reaching a scope of 80+ markets covered:
Asia Pacific (APAC):
Australia, China ROC, Hong Kong, Japan, Macau, Malaysia, New Zealand, Singapore, South Korea, Thailand and Taiwan
European Union (EU):
Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, UK (engaged into Brexit) and the European Securities and Market Authority (ESMA)
European Economic Area (EEA):
Iceland, Liechtenstein and Norway
Other Europe:
Andorra, Guernsey, Isle of Man, Jersey, Monaco, San Marino and Switzerland
North America (NAM):
Canada Ontario and Quebec
Latin America (LAM):
Argentina, Bahamas, Bermuda, Brazil, British Virgin Islands, Cayman Islands, Chile, Colombia, Mexico, Panama, Peru and Uruguay
Middle East-Africa (MEA):
Algeria, Bahrain, Botswana, Dubai, Egypt, Israel, Kenya, Kuwait, Mauritius, Morocco, Namibia, Nigeria, Oman, Qatar, Tunisia, Saudi Arabia, South Africa and United Arab Emirates