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The IBA’s response to the war in Ukraine
The Asset Management and Investment Funds Committee provides a convenient forum for its members to consider current developments in the global investment funds industry, including both regulatory and product development. It also produces newsletters and occasional e-bulletins for its members. In addition to its programmes at the annual IBA conferences, the committee presents an annual conference on Globalisation of Investment Funds normally held in June, which celebrated its 30th successful year in 2020. The event attracts delegates from approximately 30 countries, and features presentations by senior regulators from around the world, senior executives of top fund managers and other fund service providers as well as from leading practitioners in the field.
On 23 December 2022, the Comissão de Valores Mobiliários (the Brazilian Securities and Exchange Commission or CVM) issued the long-awaited Resolution No. 175 (the Resolution), which provides for the new Brazilian investment funds regulatory framework. When in effect, the Resolution will implement a new way of organising the regulations applicable to Brazilian-formed investment funds.
Released on May 10, 2023
The purpose of this article is to summarise recent developments in the asset management sector in Switzerland in the field of environmental, social and governance criteria (ESG). In view of the recent developments, especially in the European Union, the Swiss Government’s objective is to prevent international disparities as regards ESG regulations, in particular as to the prevention of ‘greenwashing’ and creating the conditions to strengthen the creditability and quality of the Swiss financial market as a whole, and the Swiss asset management and financial products industry in particular on sustainability.
Released on Aug 19, 2022
EU Directive 2011/61/EU, commonly known as the Alternative Investment Fund Managers Directive (the ‘Directive’ or ‘AIFMD’), came into force on 22 July 2013 and had a profound effect on the alternative investment fund industry, not just within the European Union but across the world. This article provides a brief overview of (1) the proposed timeline for AIFMD II; (2) the latest developments in the process; and (3) the likely impact of the proposed changes on the alternative investment funds industry.
Released on Aug 19, 2022
A new law will regulate independent investment/financial advisory services in Chile for the first time, but there is some confusion as to its scope.
Released on Sep 03, 2021
The Asset Management and Investment Funds Committee also coordinates the activities of the following subcommittees/working groups.