Regulatory divergence between UCITS and AIFMD, accelerated by the upcoming AIFMD II, poses increasing complexity for Luxembourg fund managers, demanding stronger data governance, automation, and cross-regime reporting capabilities. As compliance requirements grow more distinct, operational readiness and consistent regulatory reporting have become critical for firms managing both fund types.

Regulatory change management is key for sell-side and buy-side firms to ensure compliance with emerging regulations in 2025.

As part of our Emerging Regulations Watch series, this blog outlines the key updates for RTS 22, their implications, and the next steps for stakeholders.

The Corporate Sustainability Reporting Directive (CSRD), brings about crucial changes to the reporting frameworks businesses must comply with. As part of our Emerging Regulations Watch series, we explore the specifics of the CSRD’s phased implementation and how it impacts sustainability reporting requirements for companies across Europe.

ESMA highlights the potential liquidity issues within EU alternative funds, in its third annual statistical report on the Alternative Investment Fund (AIF) sector.

  Building on similar concerns in past TRV reports, ESMA explained that ‘the risk outlook is stable, however risk [remains] high, particularly in securities markets and for retail investors,’ as geopolitical and macro drivers worsen. ‘Macroeconomic conditions deteriorated in the second half of 2019, with...