ESMA published advice on the extension of AIFMD passports to non-EU AIFMs and non-EU AIFs
ESMA has published its final opinion and advice on Article 67 (1) AIFMD i.e. on passporting of EU AIFMs and national private placement regimes, as well as on the extension of the AIFMD passport to non-EU AIFMs and non-EU AIFs. On 30 July 2015, the European Securities and Markets Authority (ESMA) published its advice to
Guidelines on financial instruments and related services to retail clients.
The Financial Services and Markets Authority has published a communication on the offer of certain financial institutions’ financing instruments and the provision of services related to such instruments to retail clients. On 29 July 2015, the Financial Services and Markets Authority (FSMA) published a communication FSMA_2015_08 dated 27 July 2015 on the offer of certain
Publication of updated Q&A on AIFMD.
The European Securities and Markets Authority has published an updated Q&A on the application of AIFMD. On 21 July 2015, the European Securities and Markets Authority (ESMA) published an updated version of its questions and answers paper (Q&A) on the application of the Directive 2011/61/EU of the European Parliament and of the Council of 8 June
Delay in ESMA’s opinion and advice on Article 67 (1) AIFMD.
ESMA has announced that its final opinion and advice on passporting of EU AIFMs and national private placement regimes, as well as on the extension of the AIFMD passport to non-EU AIFMs and non-EU AIFs, has been delayed. On 22 July 2015, the European Securities and Markets Authority (ESMA) announced that it is still finalising
Belgium: agreement on tax shift
On 23 July 2015, the Belgian federal government reached an agreement on the so-called “tax shift”. The tax shift is mainly aimed at i) reducing the tax burden on labour, ii) improving the competitiveness of Belgian companies and iii) creating more jobs. It involves the introduction of a number of new tax measures that may impact
What does today’s Belgian budget and tax-shift agreement mean?
What does today’s Belgian budget and tax-shift agreement mean? Today, the Belgian government announced various tax measures of particular interest for the real estate and financial sectors. The new measures include a new regime for institutional real estate funds, an increase of the normal withholding tax rate and taxation of short-term capital gains on listed
Dutch Supreme Court rules that Luxembourg SICAV is not entitled to a refund of Dutch dividend withholding tax
On 10 July 2015, the Dutch Supreme Court ruled that a Luxembourg SICAV is not comparable to a Dutch Fiscal Investment Institution (“FBI”). Therefore, the SICAV is not entitled to a refund of Dutch dividend withholding tax (“DWT”). Facts and circumstances In 2007 and 2008 the SICAV received Dutch portfolio dividends on which Dutch DWT
OECD Public Consultation on BEPS Actions 8 through 10 reveals planned revisions to transfer pricing drafts
During the July 6-7, 2015 public consultation on BEPS Actions 8 through 10, the OECD Working Party 6 announced planned revisions to its proposed changes to the Transfer Pricing Guidelines, including its December 2015 papers on Risk, Recharacterisation and Special Measures and Use of Profit Split Methods and its 2014 draft on Intangibles. The OECD
