With ever-emerging multi-jurisdictional regulations, buy-side firms must continually ensure that they maintain regulatory compliance. This is not always easy to accomplish as buy-side regulations have increased dramatically in scope and speed across the Globe.

AQMetrics won the Most Innovative Technology Firm Award at the 2022 HFM US Services Awards for its innovative regtech platform. In this blog, AQMetrics sets out how it's moving forward with even more innovation throughout the remainder of 2022, into 2023 and beyond.

On 3 October 2022, the Financial Conduct Authority (FCA) issued Market Watch 70. In this publication, the FCA sets out recent observations related to transaction reporting data quality and reconciliation requirements.

In the third blog of our ESG series, we examine how the SEC’s proposed changes impact private funds and the similarities between the SEC’s Proposed Amendments and other ESG regimes. 

In this second blog of the ESG series, we examine the proposed ESG-related disclosure and reporting requirements for investment advisers through amendments to Form ADV, Part 2A (“the Brochure”). The Proposed Amendments require investment advisers to disclose their ESG investing approach by strategy, relationships with related persons, and any ESG-related impacts on proxy voting. These proposed changes will likely apply to wrap fee funds too. 

As global regulators are intensifying their focus on “greenwashing”, the absence of standardization or a common disclosure framework frustrates investors and their managers. Across the industry, there is a well-recognised lack of consistent and comparable data which may lead to potential greenwashing and is making the regulators’ and managers’ jobs ever more challenging and burdensome regarding regulatory data management.

At Adminovate 2022 in Dublin on 26 of May, we listened to a detailed panel discussion titled “ESG and the Funds Industry”. What sparked my interest in the discussion was that the focus was not solely on the environmental element of ESG, but social and governance too.

Today the FCA have released a joint Discussion Paper (DP) aiming to gather views to inform the UK’s authorities’ development of MMF reform proposals. The FCA are inviting feedback on the reform options discussed in the DP by 23 July 2022 and will consider this in deciding whether to consult on MMF reform proposals. The FCA has also issued new non-handbook guidance on the UK MMF Regulation.

The financial conduct authority have announced some changes to AIF001 and AIF002 reports that come into effect from the end of June 2022 following the UK's withdrawal from the EU. This is the first major schema update since 2014.

The proposed changes are significant in that large hedge fund advisers and all advisers to private equity funds would have one business day to report to the Commission the particulars surrounding certain “key events”.

As 2022 dawns we look ahead at the regulatory requirements for asset managers, asset service providers and investment managers.

The AQMETRICS annual regulatory round-up - an initiative to keep you abreast of this year’s regulatory technology news and events.