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The AQMetrics Blog
FCA Issues Observations on Transaction Reporting
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.
How Europe and the USA are approaching ESG disclosures.
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.
ESG: What the SEC proposed amendments mean for Form ADV
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.
ESG: A deep dive into the SEC proposed amendments
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.
How ESG Is Shaping The Funds Industry
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.
The FCA and ESMA spotlight resilience of MMFs
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.
Upcoming changes to AIF reporting from end of June 2022 announced by the FCA
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.
An Overview of the SEC Proposed Changes to Form PF
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”.