EFAMA has today published its European Quarterly Statistical Release for Q2 2022.
EFAMA has today published its European Quarterly Statistical Release for Q2 2022.
EFAMA has today published its latest monthly Investment Fund Industry Fact Sheet, which provides net sales data on UCITS and AIFs for June 2022, at European level and by country of fund domiciliation.
EFAMA welcomes the OECD's work on Schedule C: Exclusion of Revenues and profits from Regulated Financial Services from the scope of Pillar One, in particular the amendments to the definition of “Asset Manager", licensing asset management as a business, the level of regulaton and the activities list.
EFAMA shares the urgent need to improve the consistency and comparability of sustainability reporting at a global level. Therefore, we welcome the opportunity to respond to the ISSB consultation on the Exposure Drafts on “General Requirements for Disclosure of Sustainability Related Financial Information” (IFRS S1) and on “Climate-Related Disclosures” (IFRS S2).
EFAMA has stressed that global alignment of sustainability reporting standards will be necessary to ensure clarity for investors as Europe moves towards a zero emissions economy by 2050.
EFAMA strongly supports the initiative carried out by EFRAG with the publication of the Exposure Drafts on the European Sustainability Reporting Standards (ESRS). The Exposure Drafts provide key elements framing the architecture of reporting requirements and clarifying the content and key concepts of CSRD. The resulting data will be of crucial importance for investors and for achieving the EU objective to transition towards a zero emissions economy by 2050.
EFAMA supports the Commission’s efforts to encourage more companies to finance their investment through equity contributions rather than debt financing.
The Commission decided to follow a policy option that will enable the deductibility of an allowance on equity financing costs complemented by a rule to limit the deductibility of interest on debt financing instruments.
Brussels – EFAMA has today published its latest monthly Investment Fund Industry Fact Sheet, which provides net sales data on UCITS and AIFs for May 2022, at European level and by country of fund domiciliation.
EFAMA's reply presents the work of its Investor Education Platform (IEP) and how it supports the EU's Financial Literacy Strategy. It explains the IEP's open, modular model, in which EFAMA produces educational resources centrally, and national associations translate, adapt and distribute them locally; it sets out how this work meets the Commission's evaluation criteria; and it gives examples of member associations' initiatives in 28 countries.
Today, EFAMA and 22 other European business, financial and professional associations published a joint statement warning that “Europe cannot prosper under the weight of unnecessary complexity”. The statement calls on Member States to agree on the Commission’s Tax Simplification Package without losing its ambition in the negotiations. It argues that Europe’s competitiveness and its ability to create good jobs depend on cutting unnecessary costs and removing barriers to cross-border investment.
EFAMA’s reply to the OECD/INFE consultation on the updated “Guidelines for private and not-for-profit stakeholders in financial education”
In this comment paper, EFAMA answers the two questions raised by the OECD/INFE, supports the updated guidelines and explores how the Guidelines could be further enhanced by covering:

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