Asset Management & Investment Funds

The 10 March 2021 deadline has passed for compliance with the first phase of requirements under the Sustainable Finance Disclosures Regulation (SFDR). The deadline for compliance with the next phase of requirements is set for 1 January 2022. Listen to a summary of what to focus on next for SFDR from Ann Shiels, Knowledge Lawyer.

SFDR and Investment Funds – what’s next?

The European Securities and Markets Authority (ESMA) has published guidelines on performance fees in UCITS and certain types of AIFs which aim to harmonise EU supervisory practices.  While generally aligned with current Central Bank of Ireland (CBI) requirements for UCITS, the guidelines are more detailed. Existing UCITS with performance fees will need to analyse whether adjustments will be 
necessary to comply with the guidelines. In-scope AIFs with performance fees will also need to look at the requirements.  

Our Asset Management & Investment Fund teams look at the guidelines in detail including who they apply to, when they are effective from, the key considerations for Irish managers, and the CBI's current position on UCITS' and AIF performance fees.

ESMA guidelines on performance fees in UCITS and certain types of AIFs

The EU Regulation on sustainability‐related disclosures in the financial services sector (the EU Disclosures Regulation) has broad ranging disclosure requirements for financial market participants. 
You can read the ALG overview of the EU Disclosures Regulation and its relevance for UCITS management companies, UCITS and AIFMs.

ESA Consultation on EU Disclosures Regulation

The EU Regulation on Sustainability Regulated Disclosures

Undue costs - Pricing process for UCITS and AIFs

A&L Goodbody LLP is a leading Irish law firm. We are a full service law firm providing commercial legal services including corporate, banking and financial services, tax, litigation and commercial property. 

Our ALG Audiolab provides short soundbites of key in the moment insights.

The EU Regulation on Sustainability Regulated Disclosures

ALG AudioLab