The European Market Infrastructure Regulation will take effect in relation to margin on uncleared derivative, mandatory clearing, margin period of risk (MPOR), trade repository data and indirect clearing. [Read More]
Source: Holman Fenwick Willan
The European Market Infrastructure Regulation will take effect in relation to margin on uncleared derivative, mandatory clearing, margin period of risk (MPOR), trade repository data and indirect clearing. [Read More]
Source: Holman Fenwick Willan
The European Market Infrastructure Regulation will take effect in relation to margin on uncleared derivative, mandatory clearing, margin period of risk (MPOR), trade repository data and indirect clearing. [Read More]
Source: Holman Fenwick Willan
Major EU reforms are looming. Following the introduction of Solvency II on 1 January, this year will see the introduction of the Market Abuse Directive (MAD II), packaged retail investment and insurance-based investment products (PRIIPs) and Ucits V, and the clearing obligations of the European Market Infrastructure Regulation (EMIR) will kick in. A likely delay for the Markets in Financial Instruments Directive (MiFID II) will see implementation shunted back to 2018 with the Insurance Distribution Directive. This article discusses the upcoming regulation that may impact your business in 2016. [Read More]
Source: FT Adviser
EU authorities have identified that whistleblowers may be deterred from reporting concerns to regulators in the European Union for fear of retaliation, discrimination or disclosure of personal data, and consequently the new Implementing Directive outlines arrangements to ensure the overall protection and the respect of the fundamental rights of whistleblowers and accused persons. standards for the Market Abuse Regulation (EU MAR), which will replace the current civil regime Market Abuse Directive (MAD) on 3 July 2016. See the updates proposed. [Read More]
Source: Katten Muchin Rosenman LLP
ESMA has issued a consultation [View] on guidelines on transaction reporting, reference data, order record keeping and clock synchronisation under the Markets in Financial Instruments Regulation (MiFIR). The consultation is open for comment until March 2016.
Source: Dentons
The Central Bank published the latest version of the ‘Reporting Guidance for Alternative Investment Fund Managers’. The Guidance has been updated to reflect the reporting requirements for non-EU master AIFs not marketed in the EU that have either EU feeder AIFs or non-EU feeder AIFs marketed in the EU under Article 42 of the AIFMD. [Read More]
Source: A&L Goodbody
The International Organization of Securities Commissions published two reports that address how financial markets and intermediaries manage risks, deal with catastrophic events, including cyber attacks, and quickly restore their functionality. Both reports provide recommendations to regulators and “sound practices” to trading venues and market intermediaries, respectively. [Read More]
Source: Katten Muchin Rosenman LLP
Shearman & Sterling provide a snapshot of the principal US, European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset managers and corporates. [Read More]
Source: Shearman & Sterling
The European Securities and Markets Authority (ESMA) has published its Guidelines on Cross-Selling Practices under MiFID II (guidelines) to ensure investors are treated fairly when an investment firm offers two or more financial products or services as part of a package. [Read More]
Source: ESMA
The FCA has published its first consultation paper on the implementation of the new European Markets in Financial Instruments Directive II (MiFID II) in the UK. The revised regime aims to strengthen investor protection, increase market resilience, reduce systemic risks and increase the overall efficiency and transparency of financial markets. [Read More]
Source: Dentons