On November 11, 2015, the Joint Committee of the European Supervisory Authorities EBA, EIOPA and ESMA presented drafts of several technical standards. The draft regulatory technical standards relating to key information documents for packaged retail and insurance-based investment products (PRIIPs) provide ... (more)
On November 12th, 2015, the German Federal Tax Authority published an amendment of the VAT Application Decree. The Decree now adopts the same wording set forth in the VAT Code for the tax-exemption of the management of investment funds. In our ... (more)
On September 30, 2015, the European Commission adopted a draft amendment to the Level 2 Delegated Regulation for Directive 2009/138/EU. The draft amendment will establish infrastructure as a separate asset class within the market risk module. The capital requirements for investments financed ... (more)
