2021 Regulatory Compliance Agenda - Top priorities

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2021 Regulatory Agenda - Top priorities

A snapshot of the regulatory agenda at your fingertips for the EU & Luxembourg

While COVID-19’s impact on the investment management industry is not nearly as high a priority as protecting people’s health and well-being, it is still important for investment professionals to learn from these challenges. Eventually, when people turn their attention to their investments, they will likely hope that their investment professionals were diligently working to safeguard their portfolios during these turbulent times.

Deloitte team would like to help you track relevant financial regulation changes, linked to COVID-19 and as well the regulatory topics that are interesting for your respective industries.

To help you visualize Deloitte’s selection of top regulatory priorities for 2021, we are pleased to offer you the eighth edition of our regulatory agenda poster.

Just as the financial sector speeds up and becomes increasingly digital every year, in 2021, as well as a hard copy, we decided to also provide the poster in an interactive user-friendly PDF format. The sections in the left-hand bar and header are clickable for ease of navigation.

As in previous years, the financial sector is being inundated with regulations that will take center stage in 2021. While some are new and some old, they will all continue to challenge the banking, investment management and insurance sectors.

This poster will allow you to grasp at a glance which regulations will have an impact on your organization, their significance, the outcomes, and respective timelines.

Financial Markets Regulatory Outlook 2021

The 2021 edition of Deloitte’s Regulatory Outlook identified nine cross-sector themes of strategic significance, as well as a number of other supervisory priorities in each of the Banking and Capital Markets, Insurance and Investment Management sectors. Find out more here.

 

Your monthly regulatory update

Second year in a row, the Deloitte Regulatory Agenda will bring you monthly updates.

May 2021

For this month’s regulatory update, we are focusing on PRIIPS.

On 3 February 2021, the European Supervisory Authorities (ESAs) published the outcome of their discussions on the packaged retail investment and insurance products (PRIIPs) regulation and announced that they reached a consensus on the PRIIPs amendments. There were no content changes to the draft RTS as published in June 2020. The new RTS bring significant changes to performance scenarios, costs computations and disclosures.

Regulatory updates - May 2021

April 2021

For this month’s regulatory update, we are focusing on MIFID developments.

On 30 March 2021, based on the consultation feedback received, ESMA published a final report for the European Commission that contained recommendations and possible legislative amendments to the MiFIR transaction reporting regime. ESMA’s recommendations are particularly relevant for trading venues, systematic internalizers, investment firms, data reporting service providers, and asset management companies.

Regulatory updates - April 2021

March 2021

For this month’s regulatory update, we are focusing on the ESAs’ guidance on the SFDR application timeline.

On 25 February 2021, the European Supervisory Authorities (ESAs) published a joint statement on the application of the Sustainable Finance Disclosure Regulation (SFDR).

The purpose of this statement is to provide further guidance and ensure consistent application of the sustainability related disclosures within the interim period between 10 March 2021 (when most SFDR Level 1 requirements start to apply) and 1 January 2022, which is the proposed application date of the draft Level 2 Regulatory Technical Standards (RTS). Discover more about the guidelines which should be a definite help in understanding and applying the SFDR requirements until the delegated regulations are finalized.

Regulatory updates - March 2021

February 2021

For this month’s regulatory update, we are focusing on the Regulation (EU) 2019/2088 (also referred to as the “Sustainable Finance Disclosure Regulation” or “SFDR”).

The draft RTS published by the three European Supervisory Authorities (“ESAs”) on 2 February 2021  specify the content, methodologies and presentation of information in relation to sustainability indicators and the promotion of environmental or social characteristics  and sustainable investment objectives in pre-contractual documents, websites and periodic reports. The objective of the proposed RTS is to strengthen the protection of end-investors by improving Environmental, Social and Governance (“ESG”) disclosures on the principal adverse sustainability impacts (“PASI”) of investment decisions and on the sustainability features of a wide range of financial products. This is expected to guide financial market participants and financial advisers in responding to the increasing investor demand for sustainable products and to reduce the risk of greenwashing.

Regulatory updates - February 2021

Discover our Regulatory News Alert

You can find by clicking above the latest national, European or international regulatory updates analysed by Deloitte.

Contacts

Contacts

Laurent Berliner
Partner
Governance, Risk & Compliance
Leader
T +352 45145 2328
lberliner@deloitte.lu

Pascal Martino
Partner 
Banking Leader
T +352 45145 2119
pamartino@deloitte.lu

Nick Tabone
Partner
Private Equity Leader
T +352 45145 2264 
ntabone@deloitte.lu

Lize Griffiths
Partner
Real Estate Leader
T +352 45145 2693
lizgriffiths@deloitte.lu

Francesca Messini
Director
Sustainable Finance Leader
T +352 45145 2791
fmessini@deloitte.lu

Xavier Zaegel
Partner
Consulting IM & PERE Leader
T +352 45145 2748
xzaegel@deloitte.lu

Laurent Collet
Partner
Banking & Capital Markets
T +352 45145 2111
lacollet@deloitte.lu

Jean-Philippe Peters
Partner
Risk Advisory Leader
T +352 45145 2276 
jppeters@deloitte.lu

Benoit Sauvage
Director
Risk Advisory
T +352 45145 4220
bsauvage@deloitte.lu

Stéphane Hurtaud
Partner
Cyber Risk Leader
T +352 45145 4434
shurtaud@deloitte.lu

Simon Ramos
Partner
Advisory & Consulting IM Leader
T +352 45145 2702
siramos@deloitte.lu

Marijana Vuksic
Senior Manager
Risk Advisory
T +352 45145 2311
mvuksic@deloitte.lu

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