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ARTICLE · 23 MAY 2020

Global Registration Services – Market Update Q1 2020

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In April, and as a consequence of the COVID-19 crisis, CONSOB announced that the deadline for payment of the annual fees has been deferred from 15 April 2020 until 15 May 2020.

IrelandFinance and Banking
Emma Conaty
Emma Conaty
Gita Karpaviciute
Gita Karpaviciute
Yvonne McDonough
Yvonne McDonough
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BREAKING NEWS 

Italy

In April, and as a consequence of the COVID-19 crisis, CONSOB announced that the deadline for payment of the annual fees has been deferred from 15 April 2020 until 15 May 2020. 

Europe 

Final Report on Product Intervention

On 3 February 2020, ESMA published its Final Report with Technical Advice to the European Commission (the "Commission") on the effects of product intervention measures. The final report proposes to extend restrictions and prohibitions under MiFID to include AIFMs and UCITS management companies. This will result in ESMA being able to suspend the marketing, sale and distribution of funds it views as inappropriate for retail investors. ESMA currently has the power to restrict MiFID firms but not UCITS managers or AIFMs.

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