In this latest edition, we spotlight key regulatory developments across global markets, including:
International: IOSCO has published updated recommendations on the valuation of collective investment schemes, reflecting increasing investment in private and illiquid assets, enhanced governance expectations and lessons from recent market volatility.
EU: ESMA has outlined its priorities for the European asset management sector, including the development of an integrated fund reporting framework, fund tokenisation initiatives and proposed reforms to retail investor disclosures.
Italy and Luxembourg: Both jurisdictions have implemented AIFMD II reforms, introducing new requirements affecting fund managers, distribution arrangements, liquidity management and alternative investment fund structures.
UK: The Financial Conduct Authority is consulting on proposals that would allow certain authorised funds to invest in cryptoasset exchange traded notes for the first time, signalling a further step in the UK's evolving digital asset framework.
Guernsey: Developments include proposed corporate tax reforms, updates to financial crime guidance supporting the use of digital technologies, and inclusion in the UK-Gulf Cooperation Council free trade agreement.
Canada: The Ontario Securities Commission has issued its 2026 Risk Assessment Questionnaire and extended exempt distribution reporting relief for certain foreign securities offerings.
Hong Kong: Chinese Mainland and Hong Kong regulators have introduced enhanced controls on cross-border securities, futures and fund activities, with new requirements for firms serving Mainland investors.
India: SEBI has introduced a range of measures affecting alternative investment funds, fund wind-ups, placement memorandum approvals and foreign portfolio investment.
…and much more.
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