Matthias Kerbusch

May 3, 2024 | mondaq.com | Arne Bolch |Patrick Goebel |Matthias Kerbusch |Jeff Mackey

ESMA has responded to the EU Commission's March 2024 proposed amendments to the ELTIF 2.0 RTS. ESMA has notably rejected the EU Commission's alternative option of determining the maximum redemption amount by reference to the redemption frequency and the notice period.

May 1, 2024 | jdsupra.com | Arne Bolch |Patrick Goebel |Matthias Kerbusch

Key Takeaways ESMA has responded to the EU Commission’s March 2024 proposed amendments to the ELTIF 2.0 RTS. ESMA has notably rejected the EU Commission’s alternative option of determining the maximum redemption amount by reference to the redemption frequency and the notice period.

Apr 15, 2024 | jdsupra.com | Arne Bolch |Patrick Goebel |Matthias Kerbusch

Key Takeaways The CSSF has issued a new circular (Circular 24/856) aiming to protect investors in the event of certain errors and breaches. Circular 24/856 will enter into force on 1 January 2025 and will repeal circular 02/77. Compared to circular 02/77, Circular 24/856 widens (i) the type of entities subject to the requirements and (ii) the type of breaches covered by the rectification rules and notification processes.

Mar 29, 2024 | jdsupra.com | Arne Bolch |Patrick Goebel |Matthias Kerbusch

Key Takeaways European Securities Market Authority (ESMA) submitted draft ELTIF 2.0 Regulatory Technical Standards (RTS) to the European Commission in December 2023. European Commission has informed ESMA it will only adopt the RTS once certain amendments have been made. European Commission requires material changes to the RTS proposals relating to the redemption policy including abandoning the 12-month minimum redemption notice period.

Jan 12, 2024 | jdsupra.com | Arne Bolch |Patrick Goebel |Matthias Kerbusch

Key Takeaways ESMA has submitted its proposals for RTS supplementing ELTIF 2.0 to the European Commission The RTS detail stringent conditions on liquidity and redemption provisions including in principle maximum quarterly redemption frequency and minimum 12 months prior notice Information is provided on the requirement to have in principle at least one anti-dilution liquidity management tool There is further clarification on matching mechanism and cost disclosures Introduction and background...