Welcome to the February 2025 edition of our Asset Management & Investment Funds Update.
In this month’s edition we look at:
- Dates & Deadlines: Q1 2025 / Q2 2025
Stay ahead of upcoming deadlines and key dates with our legal & regulatory tracker.
- DORA Update – Financial Services with an ICT Component
From 17 January 2025, financial entities subject to the Digital Operational Resilience Act (DORA) are obliged to submit reports on major information and communication technology (ICT)-related incidents to the CBI. On 22 January, the European Commission responded to the question of the types of services which should be considered ‘ICT services’ based on the Article 3(21) definition of DORA.
- Central Bank of Ireland Questionnaire on Costs
On 4 February 2025 the CBI issued an updated questionnaire template on costs to the sample of management companies included in the 29 November 2024 exercise. The submission date for the questionnaire is 28 February 2025.
- ESMA Market Report on Costs and Performance of EU Retail Investment Products 2024
ESMA released a report on costs and performance of EU retail investment products, providing an overview of key developments up to the end of 2023.
- Irish Funds Guidance Paper on UCITS Regulation 72
The Irish funds depositary working group has prepared a guidance paper for depositaries and fund management companies to support the application and interpretation of the requirements for UCITS funds in relation to UCITS Regulation 72.
- Saudi Arabia Added to UCITS and RIAIF List of Issuers for up to 100% Investment
The CBI has updated its application process to permit UCITS and RIAIFs to invest up to 100% of net assets in different transferable securities and money market instruments issued or guaranteed by the government of Saudi Arabia, provided that the issues are of investment grade.
- ESMA Publishes Final Report on Guidelines on Stress Test Scenarios under the MMF Regulation
ESMA has published its Final Report on Guidelines on Stress Test Scenarios under the MMF Regulation.
- Central Bank of Ireland – Money Market and Investment Fund Return Update
The CBI Statistics Division is undertaking an update of investment fund and money market fund reporting.
- ESMA Q&A Update for AIFMD
ESMA has published updated questions and answers related to AIFMD in addition to questions and answers for CSDR, DORA, MiCA and EMIR.
- FCA SDR Update
The UK Financial Conduct Authority (FCA) has published updates its webpage in relation to the Sustainability Disclosure Regime (SDR).
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