REGULATORY

The Regulatory Working Group, comprised of participants from Global Fund Services member firms, aims to develop best and standard practice guidelines on regulatory developments across multiple jurisdictions with the aim of representing the views of the Transfer Agency industry and clients.

 

Key objectives & initiatives

KEY OBJECTIVES

  1. Understand the market norm as applied to Regulatory developments
  2. Educate, inform and influence the wider industry, including responding to regulatory updates or consultations
  3. Review existing published documentation and ensure that it is current and complies with new legislation.
  4. Jurisdictions covered by the subgroup are UK, Ireland, Luxembourg, Hong Kong, Taiwan & Singapore.

kEY initiatives

Establish and document best practice and challenge existing practices, focusing initially on the following topics: –

 

  1. 1.  Liquidity Management Tools (EU)
  2. 2.  MMIF Reporting Changes & DIFR Daily Investment Fund Return (IRE)
  3. 3.  Consumer Duty (UK)
  4. 4.  CSSF Circular 24/856 on NAV Errors (Luxembourg)
  5. 5.  DAC7 Law No. 8029 (Luxembourg)
  6. 6.  Fund Data Submission Requirements (Singapore)

Please find attached the Regulatory Working Groups Terms of Reference

Regulatory Guidance Documents

Please click on the title below to access the document: –

DAC7 Lux Law

Lux NAV Errors Circular 24/856

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