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Europe steps up its fight against fraud
European watchdogs have long been focusing on enforcement against corporate crime with a great focus on anti-corruption, economic sanctions and money laundering.
Luxembourg | Publication | February 2024
On February 26, 2024, the EU Council adopted new regulations under the Capital Markets Union (CMU) framework, marking a significant milestone in the European Union's efforts to enhance the regulatory landscape for alternative investment fund managers (AIFMs) and "plain-vanilla" European Union (EU) investment funds, in the form of the Undertakings for Collective Investments in Transferable Securities regulatory framwework (UCITS). These regulations, designed to bolster investor protection, ensure financial stability and stimulate investment within the EU, introduce key provisions aimed at strengthening the supervision of AIFMs and facilitating the creation of simplified investment funds. The key provisions of these regulations are:
The directive will now be published in the European official Journal and will enter into force 20 days later. Member states will have 24 months after the entry into force to enact the rules into national legislation.
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European watchdogs have long been focusing on enforcement against corporate crime with a great focus on anti-corruption, economic sanctions and money laundering.
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The Digital Markets, Competition and Consumers Act (DMCC Act) received Royal Assent on 24 May 2024 and is generally expected to come into force in autumn this year.
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Head of Legal Operations, Stephanie Hamon, will be joining the panel discussion on "Simplifying Legal Tech Adoption and Implementation" at the Legal Tech Talk conference on June 13th (3:30 - 4:15 PM).
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