Jurisdiction(s):
Ireland

EU and International Funds Regulatory Round‑Up – June 2025: BMR Reform, IOSCO Liquidity, ESMA Third‑Party Risk & Reporting, AIF CRE Exposure, Unauthorised Online Ads, AML High‑Risk List Changes

Published on: 10 July 2025

Published by a LexisNexis Ireland - Banking & Financial Services expert

Legal News

Article summary

Asset Management & Investment Funds: EU & International Developments–June 2025

Amendment to EU Benchmarks Regulation

Regulation (EU) 2025/914, which updates the EU Benchmarks Regulation (BMR), has now appeared in the EU’s Official Journal. Its clear purpose is to lighten compliance obligations for smaller EU benchmark administrators. It took effect on 8 June, while the specific amendments will apply from 1 January 2026 thereafter. By narrowing the scope, the changes ensure, in practice, that only UCITS management companies, UCITS funds and AIFs relying on critical or significant benchmarks (as defined), certain commodity benchmarks, EU climate transition benchmarks, or EU Paris-aligned benchmarks must comply with the BMR’s benchmark user requirements.

IOSCO report and guidance on liquidity risk management for collective investment schemes

The International Organization of Securities Commissions (IOSCO) has publicly issued its Final Report setting out Revised Recommendations on liquidity risk management for collective investment schemes, alongside Guidance for open-ended funds to support effective implementation. The recommendations and the guidance are intended to be read closely in tandem. The report presents 17 recommendations organised across six areas:

CIS design process
stress testing
day-to-day liquidity management practices
governance
liquidity management tools and measures
disclosures to investors and authorities...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Popular documents

Using the Judicial College Guidelines to assess general damages in personal injury claims

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Tomlin orders in England and Wales: CPR guidance on drafting, confidentiality, approval, variation, enforcement, limitation, CCA issues, court-specific requirements, sample wording and precedents

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Precedent: Deed of Surrender of Lease with Optional Premium, Settlement and Release, Landlord, Mortgagee and Guarantor Consents, Reimbursement and HM Land Registry Provisions (England and Wales)

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Precedent Statutory Declaration: Standard Wording under the Statutory Declarations Act 1835

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...