Our Partner, Dr. Christina Tarnanidou, has been selected as member in the Investment Management Standing Committee (IMSC) Consultative Working Group (CWG) of ESMA.
ESMA’s work relating to the activity of collective investment management covers principally the Directives on Undertakings for Collective Investment in Transferable Securities (UCITS) and Alternative Investment Fund Managers (AIFMD), as well as the Regulations on Money Market Funds, European Venture Capital Funds (EuVECA), European Social Entrepreneurship Funds(EuSEF) and European Long-term Investment Funds (ELTIFs).
IMSC’s work with respect to these legal frameworks covers such issues as marketing and distribution, conduct of business, product disclosures and transparency, valuation, eligible assets, asset safekeeping and risk management. In the UCITS context, particular regard is given to investor protection, in line with ESMA’s objectives more generally. ESMA also provides technical advice to the European Commission, and prepares technical standards, guidelines and recommendations in relation to the aforementioned legislative acts. In addition, ESMA works on the building of a common supervisory culture by fostering convergent supervisory approaches and practices, such as through the development of opinions and Q&As.
CWG members are expected to provide technical assistance to IMSC in relation to all aspects of its work. In order to do this, the CWG may be called upon to provide input at all stages of the policy formulation process.
CWG members are selected for a renewable term of two years, with a start date on 8 April 2019.
