SWE FI's view is that guidelines from EU ESMA addressed to competent authorities or financial market participants are equivalent to Swedish general advice.
Reg 1095/2010 establishing ESMA requires competent authorities or financial market participants to seek to comply with these guidelines directly by all available means.
Effectiveness
The guidelines enter into force on Nov. 21, 2024 which means that managers of funds created after this date should apply the guidelines immediately to those funds.
Managers of existing funds should apply the guidelines six months from the date of entry into force of the guidelines, i.e. May 21, 2025.
Regulators
SWE FI
Entity Types
HF; IA; Inv Co
Reference
PR, 10/23/2024; Gd ESMA34-2592494965-657; Gd ESMA34-472-440; AIFMD Dir 2011/61; UCITS Dir 2009/65; Reg 2019/1156; Reg 1095/2010; ESG
Functions
Compliance; Environment; Legal; Product Design; Reporting; Social