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European Fund and Asset Management Association

Acronym: EFAMA

General Information

Identification Code: 3373670692-24
Website: [object Object]
Entity Form: AISBL
Registration Category: Trade and business associations
Registration Date: 11/28/2008
Last Update: 2/22/2024
EP Accredited Number: 12

Mission & Interests

Goals: EFAMA is the representative association for the European fund and asset management industry. Its mission is to promote the role of its industry and its contribution to society. It provides an effective voice for the industry by providing evidence-based submissions and developing open and transparent relationships with key stakeholders. We advocate for a regulatory environment that supports our industry’s crucial role in steering capital towards investments for a sustainable future and providing long-term value for investors. Specifically our purpose is: - to promote optimal conditions for the European fund and asset management industry in its efforts to create value for investors; - to influence and support the ongoing development of the regulatory environment including the European Single Market; - to promote the interests of its Members among stakeholders; - to build confidence and trust in the industry; - to promote scientific research concerning the industry.
Interests Represented: Promotes their own interests or the collective interests of their members
Interests:
  • Banking and financial services
  • Competition
  • Consumers
  • Digital economy and society
  • Economy, finance and the euro
  • Institutional affairs
  • Single market
  • Taxation
Levels of Interest:
  • european
  • global

Activities

Main EU Legislative Proposals: - ESMA call for evidence on greenwashing - European Commission revision of the regime applicable to the use of benchmarks administered in a third country - European review of CSDR Refit - International tax reform pillar two model rules - IASB’s exposure draft on the proposed amendments to IAS 12 - ESMA consultation paper on guidelines on funds’ names using ESG or sustainability-related terms - ESMA survey on divergence - Calculation of PAI in the context of questions 6 and 7 of the ESAs’ Q&As published on 17 november 2022 (JC 2022 82) - European Commission call for evidence on the review of the scope and regime for non-EU benchmarks - European Commission’s ViDA proposal VAT in the digital age - ESMA’s consultation paper on the review of the methodology included in the guidelines on stress test scenarios under the MMF regulation (MMFR) - European Commission’s proposal for the review of EMIR (EMIR 3.0) - Joint Consultation Paper – Review of SFDR Delegated Regulation regarding PAI and financial product disclosures - EIOPA’s consultation paper on technical advice for the review of the IORP II Directive - ESMA consultation paper on the draft regulatory technical standards under the revised ELTIF regulation - Criteria for critical ICT third party service providers (CTPPs) and oversight fees levied on such providers - Ensuring alignment between the Disclosure Requirements of Investee Companies and the Sustainable Finance Obligations - ESMA’s call for evidence on the integration of ESG preferences on suitability and product governance arrangements bringing ESG ratings and ESG data providers within the regulatory perimeter - FSB consultation report on addressing vulnerabilities from liquidity mismatch in open-ended funds - IOSCO consultation report on anti-dilution liquidity management tools - EC "Have Your Say" consultation on the EU strategy for retail investors - Consultation paper on draft regulatory technical standards to further harmonise ICT risk management tools, methods, processes and policies as mandated under article 15 and 16(3) of Regulation (EU) 2022/2554 - Consultation paper on draft implementing technical standards to establish the templates composing the register of information in relation to all contractual arrangements on the use of ICT services provided by ICT third-party service providers as mandated by Regulation (EU) 2022/2554 - Consultation paper on draft regulatory technical standards on specifying the criteria for the classification of ICT related incidents, materiality thresholds for major incidents and significant cyber threats under Regulation (EU) 2022/2554 - Multiple Voting Shares Directive - European Commission’S consultation on delegated regulation supplementing dora by specifying criteria for the designation of ICT third-party service providers as critical for financial entities - ESMA call for evidence on shortening of the settlement cycle - EC’s targeted consultation on the implementation of SFDR - Recalibrating the Benchmarks Regulation - Calculation of the Clearing Threshold (Article 4 EMIR), and the new concept of ‘aggregate activity clearing threshold’ - Towards a successful Value for Money Framework - FCA Consultation on the Overseas Fund Regime (OFR)
Communication Activities: Publications: - Retail Investment Strategy: positive elements for European investors and ones that should be reconsidered - Sustainable Investing Explained in 9 Questions (brochure and video) - FAQ ELTIF Regulation 2.0 - Open-ended funds and resilient capital markets (the perspective of the European asset management industry) - Asset Management Report (and video) - Fact Book 2023 (and video) - Household Participation in Capital Markets - Market Insights series aiming at analysing recent industry trends and developments based on the latest available data. Findings are presented in a succinct and visual way and put into a policy perspective: The AIF Market; UCITS ETFs - a growing market in volatile times; The SFDR Fund Market - ESG Ratings of Article 8 and 9 Funds Events: - European Retirement Week - Supporter of IOSCO’s World Investor Week - Global Money Week - Webinars on financial services industry specific topics (e.g. ELTIF, Consolidated Tape, PRIIPs, EMIR, ESG) - EFAMA Investment Management Forum
EU Supported Forums and Platforms: European Union Eco-labelling Board#E00374#https://ec.europa.eu/transparency/expert-groups-register/screen/expert-groups/consult?lang=en&groupID=374 #MEMBER #C#Finance
Inter-institutional or Unofficial Groupings: Competitive European Industry: long-term and sustainable investment

Head Office

Address: rue Marie-Therese, 11
Post Code: 1000
City: Brussels
Country: BELGIUM
Phone: [object Object]

EU Office

Address: rue Marie-Therese, 11
Post Code: 1000
City: Brussels
Country: BELGIUM
Phone: [object Object]

Financial Data

New Organisation: false
Closed Year: [object Object]
Current Year: [object Object]
Complementary Information: EFAMA’s budget is based on membership fees exclusively. EFAMA has 29 member associations, 54 corporate members and 25 associate members. EFAMA’s annual calculations of costs attributable to activities covered by the Register have been made following the EC Guidelines with regards to the activities covered within the scope of the Register and the calculation of estimated annual costs of the activities of the Register (staff costs, office and admin expenses, in-house operational expenditure, representation costs, etc)

Membership Information

Members10 Percent: 2
Members25 Percent: 1
Members50 Percent: 1
Members75 Percent: 7
Members: 19
Members F T E: 14.199999809265137
Info Members: Headcount varied in the course of 2023; reorganisation of staff activities.

Structure

Structure Type: Structure
Is Member Of: https://www.efama.org/index.php/about-us/our-members
Organisation Members: - European Parliamentary Financial Services Forum (EPFSF) - ESMA SMSG, - ESMA Investment Management Standing Committee (IMSC) Consultative WG, - EIOPA Stakeholder Group - Financial Data Exchange Templates (FINDATEX) (founder member+ secretariat) - Affiliate Member of the International Organization of Securities Commissions (IOSCO) - EFRAG (Sustainability Reporting Pillar) - European Money Markets Institute (EMMI) - European Capital Markets Institute (ECMI), - International Capital Market Association (ICMA) /Alternative Investment Management Association (AIMA) (observer) - International Investment Funds Association (IIFA) - Federation of European and International Associations (FAIB)