That said our tolerance for any disclosures that do not meet the requirements will be low considering the length of time industry has now had to comply with these key regulatory changes. We also believe the imminent deadline provides an opportunity for Fund Managers to make any necessary pre-contractual updates and ensure any areas of weakness are addressed.
That includes some of the issues identified in the ESMA supervisory briefing in terms of the naming convention of funds etc. 3/5  BIS - Central bankers' speeches  We are undertaking a thematic review of funds' compliance with the requirements. This work has already begun and Central Bank supervisors will keep you informed of its progress.