FundGlobam Monthly Market Monitoring September 2019 edition reported 107 relevant events out of a 619 events collected.
Europe’s contribution is the most important share with a total of 60% collected events; 15.7% from Asia-Pacific, 15% from Middle East Africa and 9,5% from America.
Regulatory aspects have been highlighted principally in Austria, Croatia, Cyprus, Czech Republic, Denmark, France, Germany, Ireland, Luxembourg, Malta, Spain, Sweden, Slovakia, Slovenia, the UK, Switzerland, Isle of Man, Australia, Hong Kong, Japan, Malaysia, New Zealand, Singapore, Thailand, Taiwan, Canada Ontario/Quebec, Israel, as well as regulatory changes provided by the European Securities and Market Authority (ESMA), and the European Banking Authority (EBA).
Statistics and data have been mainly published by Austria, Denmark, France, Germany, Italy, Lithuania. Luxembourg, Malta, Poland, Portugal, Romania, Spain, Sweden, the UK, Iceland, Liechtenstein, Norway, Guernsey, Isle of Man, Jersey, Taiwan, Chile, Bermuda, Israel, Mauritius, Saudi Arabia, as well as statistics provided by the European Fund and Asset Management Association (EFAMA).
Some news to be highlighted:
- Germany: Guidance regarding the continued marketing of UK investment funds after Brexit
- ESMA has published final guidance regarding liquidity stress tests of investment funds – applicable to both AIFs and UCITS.
- Luxembourg: Reminder – Mandatory notification for UK firms in the context of Brexit
- The UK: Update to the FCA’s directions under the Temporary Transitional Power
- MoU UK FCA/HK SFC: First Addendum to MoU between HK SFC and UK FCA concerning Mutual Recognition of covered funds and covered management companies
- MoU FINMA/HK SFC: Amendment of annexes to the cooperation agreement on funds between FINMA and SFC
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The 2019 edition of FundGlobam Monthly Market Monitoring is reaching a scope of 72 markets covered:
Asia Pacific (APAC):
Australia, China, 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 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):
Bahamas, Bermuda, British Virgin Islands, Cayman Islands, Chile, Colombia, Mexico, Panama, Peru and Uruguay
Middle East-Africa (MEA):
Bahrain, Dubai, Israel, Kuwait, Mauritius, Oman, Qatar, Saudi Arabia, United Arab Emirates, and South Africa