Market Monitoring - August 2021

FundGlobam Monthly Market Monitoring August 2021 edition reported 41 relevant events out of a 903 events collected.

Europe’s contribution is the most important share with a total of 55.7% collected events; 16.5% from Asia-Pacific, 13.4% from Middle East Africa and 14.4% from America.

Regulatory aspects have been highlighted principally in France, Germany, Luxembourg, Norway, Portugal, as well as regulatory changes provided by the European Securities and Market Authority (ESMA).

Statistics data have been mainly published in Czech Republic, Hungary, Indonesia, Luxembourg, Macau, Malaysia, Mexico, Portugal, South Africa, Taiwan.

Some news to be highlighted (in alphabetical order):

  • Cyprus: Revised EBA Guidelines on ML/TF risk factors
  • France: Transposition of the directive on the cross-border distribution of collective investment undertakings: the AMF amends its General Regulation and its policy
  • France: Order of 23 July 2021 approving modifications to the general regulations of the Autorité des marchés financiers
  • France: Cross-border marketing of UCIs: publication of transposing legislative and regulatory texts
  • France: Transposition of European rules for the marketing of UCIs
  • Germany: Money Laundering Act: BaFin updates instructions for interpretation and application
  • Italy: Marketing in Italy of UCITS and AIF: the information required by regulation (EU) 2019/1156 has been published
  • Liechtenstein: FMA guidelines 2018/7 and FMA guidelines 2013/1 revised
  • Luxembourg: Notification letter for pre-marketing by EU AIFMs to potential professional investors in Luxembourg
  • Luxembourg: ESMA Guidelines on Article 25 of Directive 2011/61/EU (AIFMD) applicable as from 23 August 2021
  • Philippines: SEC issues rules for asean cross-border investments
  • South Korea: FSC Changes Rules to allow Cross-border ETF Scheme with China
  • Thailand: Cross-border mutual fund offering project in ASEAN countries accepting new members

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The 2021 edition of FundGlobam Monthly Market Monitoring is reaching a scope of 80+ markets covered:

Asia Pacific (APAC):
Australia, China ROC, Hong Kong, Indonesia, Japan, Macau, Malaysia, New Zealand, Philippines, 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, the European Securities and Market Authority (ESMA), the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA), and the European Fund and Asset Management Association (EFAMA).

European Economic Area (EEA):
Iceland, Liechtenstein and Norway

Other Europe:
Andorra, Guernsey, Isle of Man, Jersey, Monaco, San Marino, Switzerland and the UK (engaged into Brexit)

North America (NAM):
Canada Ontario and Quebec, the USA

Latin America (LAM):
Argentina, Bahamas, Bermuda, Brazil, 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, South Africa and United Arab Emirates