Featured Product

    BCL Circular on New Statistical Data Collection for Non-Regulated AIFs

    May 18, 2018

    BCL published the circular BCL 2018/241 for a new statistical data collection for non-regulated alternative investment funds (AIFs). The circular informs non-regulated AIFs of their reporting obligations under regulation (ECB/2013/38) on statistics on the assets and liabilities of investment funds as well as the ECB guideline (ECB/2014/15) on monetary and financial statistics.

    In the framework of the guideline ECB/2014/15, BCL provides ECB with the list of investment funds, including several referential characteristics. To complete this list with information on non-regulated AIFs, every fund must fill in a form and submit it to BCL. This transmission must include the latest balance sheet available. To minimize the workload for reporting agents, the BCL board has opted for a data collection similar to that existing for regulated investment funds and for setting up a threshold for the collection. To comply with the regulations, compartments of investment funds must submit their statistical reporting comprising the following reports:

    • S 1.6 "Information on valuation effects on the balance sheet of non-MMF investment funds"
    • Monthly security-by-security report of investment funds
    • S 2.13 "Quarterly statistical balance sheet for non-MMF investment funds"

    The implementation of the new collection is a two-step process. First step involves the transmission of the filled-in form about the identifying data available on the BCL website and of the latest available balance sheet before May 31, 2018. Second, for the funds that are not exempted by BCL, transmission of the quarterly report S 2.13, of the monthly security-by-security report for the September 2018 reference period must be submitted before October 26, 2018. If applicable, the monthly report S 1.6, for the October 2018 reference period, must be submitted before November 29, 2018.

     

    Related Link: Circular (PDF)

    Keywords: Europe, Luxembourg, Banking, Securities, AIF, ECB/2014/15, Reporting, ECB/2013/38, Statistics, Data Collection, BCL

    Featured Experts
    Related Articles
    News

    SEC Adopts Rules and Amendments Under Regulatory Regime for Swaps

    SEC announced that it took a significant step toward establishing the regulatory regime for security-based swap dealers (SBSDs) by adopting a package of rules and rule amendments under Title VII of the Dodd-Frank Act.

    September 19, 2019 WebPage Regulatory News
    News

    APRA Revises Standard on Margin Rules for Uncleared Derivatives

    APRA revised CPS 226, which is the prudential standard on margin and risk mitigation requirements for non-centrally cleared derivatives.

    September 19, 2019 WebPage Regulatory News
    News

    BIS Formalizes Agreement to Set Up Innovation Hub in Hong Kong SAR

    BIS and HKMA signed the Operational Agreement on the BIS Innovation Hub Center in Hong Kong Special Administrative Region (SAR).

    September 18, 2019 WebPage Regulatory News
    News

    PRA Proposal on Probability of Default and LGD Estimation

    PRA proposed, via the consultation paper CP21/19, an approach to implementing EBA’s recent regulatory products relating to Probability of Default (PD) estimation, Loss Given Default (LGD) estimation, and the treatment of defaulted exposures in the internal ratings-based (IRB) approach to credit risk.

    September 18, 2019 WebPage Regulatory News
    News

    PRA Issues Consultation on Prudent Person Principle Under Solvency II

    PRA, via the consultation paper CP22/19, has set out its proposed expectations for investment by firms, in accordance with the Prudent Person Principle (PPP).

    September 18, 2019 WebPage Regulatory News
    News

    CFTC Extends Comment Period for Proposals on Cross-Border Clearing

    CFTC announced that it is extending, until November 18, 2019, the comment period for the proposal for an alternative compliance framework for derivatives clearing organizations (DCOs) that are organized outside of U.S. and that do not pose substantial risk to the U.S. financial system.

    September 18, 2019 WebPage Regulatory News
    News

    BNM Publishes Financial Stability Review for the First Half of 2019

    BNM published Financial Stability Review for the first half of 2019.

    September 18, 2019 WebPage Regulatory News
    News

    APRA Observations from Thematic Review on Recovery Plans of Insurers

    APRA issued a letter to general insurers and life insurers, outlining observations from a recent thematic review on recovery planning by insurers.

    September 18, 2019 WebPage Regulatory News
    News

    FASB Issues Summary of Tentative Board Decisions at September Meeting

    FASB published a summary of the tentative decisions taken at its Board meeting in September 2019.

    September 18, 2019 WebPage Regulatory News
    News

    EIOPA Forms Consultative Expert Group on Digital Ethics in Insurance

    EIOPA established the Consultative Expert Group on Digital Ethics in Insurance to assist EIOPA in the development of digital responsibility principles in insurance.

    September 17, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 3848