EU ETS and ICAO CORSIA Update
24 Apr 2019
Highlight
Proposed Changes to Swiss Distribution Rules
Changes to the Swiss regulations on the obligations of foreign and domestic distributors of investment funds are on the horizon. A new Federal Act on Financial Services Act and Federal Act on Financial Institutions are likely to come into effect on 1 January 2020, and will lead to greater alignment between the Swiss rules and EU rules under MiFID II.23 Apr 2019
KIID Review Required in Light of New ESMA Requirements around Benchmark Disclosures
ESMA published updated guidance on 29 March in its UCITS Q&A on benchmark and past performance disclosures to be included in KIIDs. The updated guidance clarifies the disclosures relating to benchmarks and performance that should be included in the KIID and will necessitate a review of KIIDs (and fund documentation more broadly).17 Apr 2019
Cayman Islands AEOI and CbCR Update
The Cayman Islands Department for International Tax Cooperation issued an advisory with respect to FATCA and CRS compliance.17 Apr 2019
Tax Issues on REIT Acquisitions
The announcement by Green REIT plc that it has initiated a process for the sale of the company, or its portfolio of assets, will attract interest from investors across Europe and the globe. It also raises some interesting tax questions, given the relative novelty of the Ireland REIT tax regime.15 Apr 2019
