5 minutes
What are the key operating risks impacting our AWM industry clients?
Top 5 key operating risks impacting our industry:
Read the 2020 Global Risk Study Read our service offering webpage
Switzerland Distribution update
2020 GFD Poster: sneak preview
Financial Risk: what are the market figures telling us?
Are the market figures saying the situation is similar to 2007?
Regulatory Update - Luxembourg
Mar. 2020 | Jun. 2020 | Sep. 2020 | Dec. 2020 |
Brexit 31.01 CSSF PR 20/03 01.02 Start of the Transition Period AML/CFT xx.03 Pending Lux Bills 7467 (5AMLD) and 7216B (Trust Register) 15.03 Deadline for answering CSSF 2019 Survey for IFMs (PR 19/57) Outsourcing 26.03 Circular CSSF 19/714, Register of cloud computing infrastructure outsourcing for IFMs Safekeeping Duties of Depositaries 01.04 CDR 2018/1618, 2018/1619 SFTR (Art. 4) 14.04 Reporting start date for credit institutions, investment firms in Lux ESG EU and Luxembourg agenda EMIR (Refit) CSSF Compliance Assessment / Updated Form for IFMs |
DAC6 June – July Pending Bill 7465 SFTR (Art. 4) 13.07 Reporting start date for CCPs and CSDs |
Liquidity Stress Testing 30.09 Application date for ESMA Guidelines on UCITS and AIFs SRD II 30.09 Application date for CIR 2018/1212 FATF Visit Oct. – Nov. Planned visit in Lux SFTR (Art. 4) 12.10. Reporting start date for UCITS, AIFs, Insurance Companies and Pension Funds |
AML Directive (EU) 2018/1673 03.12 Transposition Deadline EU-UK Relationship 31.12 End of Transition Period SFTR (Art. 4) 11.01.21 Reporting obligation for NFC ESG Disclosures 10.03.21 Main application date for Regulation (EU) 2019/2088 AIFMD Review H1 2021 Expected Publication of EC Proposal Cross-Border Distribution of IF 01/02.08.21. Main Application date for Regulation (EU) 2019/1156 and Directive (EU) 2019/1160 |