ESMA publishes AIFMD consultation responses: ESMA has published a list of the responses it has received to its consultation on Guidelines on asset segregation under the Alternative Investment Fund Managers Directive (AIFMD). The consultation paper was first published on 1 December 2014. (Source:AIFMD Consultation List of Responses)

ESMA reports on CRAs and TRs: ESMA has published the annual report on its supervisory activity over credit rating agencies (CRAs) and trade repositories (TRs). Among other developments of the year, ESMA highlights its first fine on a CRA for internal control failings and the overcoming of queues at TRs, which are now receiving 300 million trade reports every week. (Source: CRA and TR Supervision Annual Report)

ESMA publishes EuSEF and EuVECA final advice: ESMA has published its technical advice on the delegated acts under the EuVECA and EuSEF regulations. The advice covers:

  • the types of goods and services that meet a social objective;
  • the types of conflicts of interest that managers of qualifying EuSEFs need to avoid;
  • the measuring of social impacts that must be achieved by the qualifying portfolio undertakings; and
  • the provision of information for investors.

ESMA has set out the proposed policy approach and its final advice in relation to each delegated act. Following submission of its advice, ESMA will assist the Commission in the development of the delegated acts. (Source: ESMA Publishes Technical Advice on Social Entrepreneurship and Venture Capital Funds)