Blog

Are you getting the most out of your MiFID II transaction reporting platform?

FCA appointed its first ever Director of ESG this week, tapping Legal & General Investment Management’s (LGIM) Sacha Sadan for the new role.

ESMA highlights the potential liquidity issues within EU alternative funds, in its third annual statistical report on the Alternative Investment Fund (AIF) sector.

By far the biggest regulatory change this year has been the SFDR regime, which went live on 10 March 2021.

ESMA publish Final Report on the review of transaction and reference data reporting obligations under MiFIR.

ESMA this week published the results of its 2020 Common Supervisory Action on UCITS liquidity risk management (LRM), outlining a number of key areas that still need improving.

Panelists looking at issues as diverse as market abuse, cross-border distribution, costs and fees, SFDR and, of course, liquidity risk management.

This year’s Funds Congress was starkly different to that at the QEII Conference Centre in Westminster last year, just weeks before Covid-19 upended traditional events and networking.

IOSCO board, which includes regulators from some 34 countries globally, identified three main areas for improving disclosures by companies and asset managers.

Is your MiFID firm getting flexible, unrestricted access to transaction report data in the ARM (Approved Reporting Mechanism)?

The Central Bank of Ireland (CBI) published its first Securities Markets Risk Outlook Report last week.

ESMA is launching a common supervisory action (CSA) with national competent authorities (NCAs) looking at the application of MiFID II product governance rules across the EU, the regulator announced earlier this week.

Half of the firms that previously submitted their regulatory reporting via the Gabriel system are now using the Financial Conduct Authority’s (FCA) new data system, RegData, the City watchdog said last week.

UK and EU regulators are likely to focus on three major areas this year: operational resilience and governance; fund liquidity; and fees. Let’s take a closer look at what it means for your firm.

When does it make sense to outsource? And how do you know you’re getting the most out of your UCITS compliance monitoring solution?

The CSA will be conducted over the course of 2021. Together with the NCAs of the 27 EU Member States, it will take into account ESMA’s Supervisory Briefing on the supervision of costs, published in June 2020, the regulator said.

Earlier in August, the European Commission confirmed that UCITS and AIFM rules will no longer apply to the UK following the conclusion of the transitionary period in December.

The European Securities and Markets Authority (ESMA) last month launched consultations on supervisory fees and derogation for data reporting services providers (DRSPs).

As the EU continues to pursue a capital markets union (CMU), the future and harmonisation of any AIFMD remains a core issue for the European asset management industry.

ESMA published a report warning investment funds with significant exposures to corporate debt and real estate assets of potential future adverse liquidity and valuation shocks.