News articles written by Marleen Mouton

ESAs publishes final draft Regulatory Technical Standards on KID for PRIIPS

13 April 2016

ESAs has finalised its draft RTS on the PRIIPs KID after consulting various interest groups. These final draft RTS provide clarity on the obligation that the PRIIPs Regulation imposes to provide for a key information document that should be easily understandable for consumers. The Joint Committee of the European Supervisory Authorities (EBA, EIOPA and ESMA –

Long-awaited MiFID II Delegated Acts published

11 April 2016

This MiFID II Delegated Directive brings clarity on some contentious investor protection issues, and confirms some key changes that firms need to accomplish in several important areas. The progress of the Markets in Financial Instruments Directive II (MiFID II) has been slow, stuttering and at times unpredictable, and the complexity and scale of the regulation

ESMA publishes final guidelines on sound remuneration policies under UCITS and AIFM Directives

8 April 2016

In its newest report, ESMA sheds light on the guidelines relating to the remuneration policies and practices for management companies and their identified staff. On 31 March 2016, the European Securities and Markets Authority (ESMA) published its final guidelines on the remuneration policies for management companies and their identified staff (the Guidelines). These Guidelines refer

New Act on the status and supervision of (re)insurance companies published

1 April 2016

On 23 March 2016, the new law on the status and supervision of (re)insurance companies has been published in the Belgian Official Gazette. Before, the Belgian legislation on insurance and reinsurance companies was split into two parts: the Act of 9 July 1975 on the control of insurance companies and the Act of 16 February

MiFID II entry into force delayed for one year!

11 February 2016

On 10 February 2016, the Commission has proposed a one-year extension for the entry into force of the revised Markets in Financial Instruments Directive, i.e. MiFID II. Given the previous statements by ESMA Chairman, Steven Maijoor and MiFID II Rapporteur, Markus Ferber, the proposed extension does not come as a surprise. The reason for the

Insurance Distribution Directive published in Official Journal of the EU

4 February 2016

Directive (EU) 2016/97 of the European Parliament and of the Council of 20 January 2016 on insurance distribution was published in the Official Journal on 2 February 2016. 1. In general The Directive (EU) 2016/97 of the European Parliament and of the Council of 20 January 2016 on insurance distribution (IDD) (previously named ‘Insurance Mediation

Securities Financing Transactions Regulation enters into force

13 January 2016

The new Regulation on transparency of Securities Financing Transactions (also known as SFTR) was published in the Official Journal of the EU on 23 December 2015 and entered into force on 12 January 2016.  The SFTR is part of the Commission’s action plan on shadow banking and aims to improve the transparency of certain transactions