EU regulator’s proposed reforms raise post-Brexit delegation concerns

On the 08.21.20 at 8:17AM


Tuba Raqshan

ESMA’s letter to EU executive vice-president Valdis Dombrovskis underlined that increasing delegation of portfolio management functions to non-EU entities, especially in view of Brexit, could pose several risks.

European Securities and Markets Authority (ESMA) pointed out that additional clarifications in AIFMD and UCITS frameworks regarding delegation and substance requirements are important, in the Brexit context.<

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