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Blog, MiFID II:Articles

The Internationalization of Regulation

Part One: What It Means for US-based Asset Managers Business Today is Global – But Regulations Are Still Local When it comes to doing business, country borders no longer serve as the restrictive boundaries they once did – financial regulations, … More


Blog, MiFID II:Articles

Transforming Regulatory Compliance with Artificial Intelligence

By Geraldine Gibson, CEO, AQMetrics Artificial Intelligence (AI), long the subject of science fiction, is now becoming more and more widespread and is seen as an increasingly important computer science across multiple industries. In Financial Services in particular, Machine Learning … More


Blog

What is RegTech

‘What is RegTech?’ That is the question that many people ask when they hear that AQMetrics is a RegTech company. So we’ve decided to share what RegTech means at AQMetrics. RegTech is technology that helps people comply with their regulatory … More


Blog

What is this SaaS thing?

We were recently surprised when a customer asked us ‘What is this SaaS thing you keep referring to in meetings, in your online help and on your social media sites’. So, we have decided to share our view of SaaS … More


Blog

Farewell Black Swans

Know Your Exposure. Be Prepared. Do you know where your firm’s risk is concentrated? In this blog we examine how can you better make your risk culture understood from the top down and reported accurately from the bottom up. Firstly, … More


Blog, UCITS

New UCITS risk reporting requirements from the CSSF

On 22 April 2016, the CSSF released instructions on the new reporting template related to the risk and risk management of UCITS funds. The first report must be filed by 16 May 2016. The reporting applies to those UCITS that … More


Blog, Market Data

The latest methodology for the valuation of derivative liabilities

Today the European Banking Authority (EBA) published the final draft Regulatory Technical Standards (RTS) on the methodology for the valuation of derivative liabilities for the purpose of bail-in in resolution. These draft RTS have been developed according to paragraph 5 … More


AML, Blog

Report on Anti-Money Laundering/Countering the Financing of Terrorism and Financial Sanctions Compliance in the Irish Funds Sector

On 18th November 2015, the Central Bank of Ireland (“CBI”) issued a report entitled: Report on Anti-Money Laundering/Countering the Financing of Terrorism and Financial Sanctions Compliance in the Irish Funds Sector(the “Report”). The report is based on site inspections carried … More


AIFMD, Blog

Important Update: AIFMD Annex IV reporting for Q4 2015

The Irish regulator, the Central Bank of Ireland (CBI), has changed its policy and will require US and other non-EU alternative investment fund managers (non-EU AIFMs) to make “Annex IV” reports in respect of master funds if one or more … More


AIFMD, Blog

The latest version of the AIF Rulebook is published on 04 December 2015

On 4 November 2015, the Central Bank of Ireland published the latest version of the AIF Rulebook. The AIF Rulebook is the Central Bank  of Ireland’s rulebook in relation to AIFs which contains chapters concerning Retail Investor AIF, Qualifying Investor AIF, … More


Best Execution, Blog, MAD II

ESMA Publishes MAD/MAR Q&A

The European Securities and Markets Authority (ESMA) has published a Q&A document regarding the implementation of the Market Abuse Regulation. The purpose of the document is to promote convergent implementation and application of the market abuse regime. The document is aimed … More


Best Execution, Blog, MiFID II

What MiFID II means for Investment Firms

On 3 January 2017, the new MiFID II regime will come into force. This wide-ranging piece of legislation covers retail and wholesale investment firms and trading venues and may affect a significant number of the business activities of investment firms … More


Blog, UCITS

The Central Bank UCITS Regulations will come into effect on 1 November 2015

The Central Bank has today, 5 October 2015, published the Central Bank UCITS Regulations and feedback statements on CP77 – Consultation on publication of UCITS Rulebook and CP84 – Consultation on adoption of ESMA’s revised guidelines on ETFs and other UCITS issues. The … More


Blog, Cyber Security

The management of Cyber Security Risks within the Investment Firm and Fund Services Industry

Under investment in Technology over the past seven years has left Investment Firms fearful that they are vulnerable to some form of cyber attack, but does the Board and C suite know what they really need to do, how much is … More


Blog, UCITS

UCITS V – Implications and Opportunities

What does the arrival of UCITS V in 2016 mean for fund managers? Are fund managers facing into a major compliance exercise? To help you decide if your compliance programme requires an overhaul for UCITS V, we examined the key … More


Blog, SEC

SEC proposes significant changes to Buy Side Regulatory Reporting

On May 20, 2015, the Securities and Exchange Commission (“SEC”) proposed rules, forms and amendments under the Investment Company Act of 1940 (the “1940 Act”) and related regulations (together, the “Proposed Amendments”) that would impose new and expanded disclosure and … More


AML, Blog

A Brief Overview of the Fourth EU Money Laundering Directive

On 5 June 2015 a directive on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (the “4th Directive”) was published in the Official Journal of the European Union (“EU”).  The … More


Blog, UCITS

ESMA consults on different share classes of UCITS

The European Securities and Markets Authority (ESMA) has published a discussion paper on different share classes of UCITS. The UCITS Directive recognises the possibility for UCITS to offer different share classes to investors but it does not prescribe whether, and … More


AML, Blog

Are your AML documents ready for the Central Bank of Ireland 2015 AML/CTF themed inspections

The following is a summary of the documentation which may be requested by the Central Bank of Ireland prior to a 2015 AML/CTF themed inspection: An up-to-date organisation chart. The chart must include the names of directors and senior managers, … More