European Funds Forum
ESMA’s new role and the implications on EU- (and third-country) fund managers following the recent European Commission proposal.
In September, the European Commission published proposed regulation which many see as the first step towards a more centralised European financial supervisory system. The rules would give ESMA new powers to intervene in European financial supervision by national regulators, and could see venture capital managers having to apply to ESMA in Paris for their next license. According to the proposal ESMA shall also be involved in the supervision regarding delegation of functions by EU financial service providers and managers to third-country service providers and fund managers.
On 11 January 2018, Debevoise is bringing together speakers from the German Ministry of Finance, BaFin, the CSSF, Invest Europe, and Arendt & Medernach to discuss the European Commission’s recent proposed regulation. We will discuss the pros and cons of the proposals, in particular with regard to ESMA becoming the direct competent authority for EuVECA funds, and the proposed oversight by ESMA over material delegations to non-EU entities.
To register, please email EventsFFM@debevoise.com
Agenda:
5:30pm: Registration
6:00pm: Presentation by Dr. Esther Wandel (Federal Ministry of Finance)
6:10pm: Panel Discussion
8:00pm: Q&A
8:30pm: Drinks Reception
Speakers:
Dr. Esther Wandel
German Ministry of Finance
Jaga Gaenßler
BaFin
Jean-Marc Goy
CSSF
Michael Collins
Invest Europe
Gilles Dusemon
Arendt & Medernach
Patricia Volhard
Debevoise & Plimpton