Luxembourg, 7 December 2020 CSSF published a press release on 7th December 2020 on the forthcoming end of the BREXIT time-limited transitional period ending on 31 December 2020 at midnight; following this date, the withdrawal of the UK from the EU shall become effective. Luxembourg UCI managed by UK entities Any Luxembourgish UCI, managed by ... Read more

In Switzerland, a new financial market legislation went into force on 1 January 2020. It has introduced various major changes to the country’s regulatory framework, reflecting an effort to make its rules more compliant with those of the European Union. Essentially, the new financial market law architecture in Switzerland is based on two new laws – ... Read more

The Swiss Financial Services Act (FinSA) and Financial Institutions Act (FinIA), entered into force on 1st January 2020, laid down an ombudsman affiliation requirement. This requirement requires any financial service provider active in Switzerland to affiliate with an ombudsman’s office recognised by the Federal Finance Department (FDF). The Swiss Parliament adopted amendment to the FinSA/FinIA to ... Read more

FundGlobam Monthly Market Monitoring October 2020 edition reported 59 relevant events out of a 715 events collected. Europe’s contribution is the most important share with a total of 59% collected events; 14% from Asia-Pacific, 10% from Middle East Africa and 17% from America. Regulatory aspects have been highlighted principally in Austria, Belgium, Cyprus, Germany, Ireland, ... Read more