Regulatory News
IOSCO: Valuing collective investment schemes, strengthening global standards for fund valuation
IOSCO’s report sets out recommendations intended to further enhance the reliability, consistency and transparency of valuation practices across global investment funds It updates and consolidates IOSCO’s earlier principles on valuation for collective investment schemes and hedge funds which were published in 2013 and 2007 respectively. The recommendations focus on: governance and oversight arrangements, including under stressed market conditions; management of conflicts of interest; valuation methodologies; the use and oversight of third-party valuation providers, and transparency, disclosure to investors and record-keeping.
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EBA: EC decision on equivalence for Serbia and South Korea
EBA has acknowledged the EC’s decision to consider the supervisory and regulatory framework applicable to credit institutions in Serbia and South Korea as equivalent to that applied in the EU.
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