The European Fund and Asset Management Association (EFAMA) has issued a letter to the European Commission on the subject of the PRIIPS draft Regulatory Technical Standards (RTS), calling for an immediate extension of the UCITS exemption, as well as an urgent Level 1 review of the regulation.
Legal & Regulation
A third (34 per cent) of fund managers at infrastructure investment firms are unaware of the upcoming EU disclosure requirements, due to come into force in March 2021, according to research by global law firm Linklaters.
The World Federation Of Exchanges calls for considered approach to treatment of CCP equity in resolution
The World Federation of Exchanges, the global industry group for central counterparties (CCPs) and exchanges, has called for a careful and considered approach in any change to resolution arrangements at CCPs, as upsetting the tried and tested balance of incentives could damage stability and increase systemic risk.
The PLSA has published guidance to help DB and DC trustees navigate the new requirements to publicly disclose their investment and responsible investment activity over the previous year in an “Implementation Statement”.
Maitland, a global advisory and fund administrator, is enhancing its AML regulatory compliance capabilities to meet rising demand among Luxembourg fund managers.
New EU regulations must not “force” sustainability considerations upon clients or encourage asset managers to breach their fiduciary duty, asset management industry body EFAMA has warned.
Stablecoins and crypto-assets need to be covered by common taxonomy, urges The World Federation of Exchanges
The World Federation of Exchanges, the global industry group for exchanges and CCPs, is calling for a response to the growth of stablecoins by developing a common taxonomy that would also cover crypto-assets more broadly. This would create consistent and common regulatory classifications before they fragment further, rather than trying to fix differences after the fact.
Financial services sector fears impact of Financial Transaction Tax on trading, liquidity, and active management
The possible introduction of a financial transaction tax (FTT) in the US and Europe to make up for lower tax revenues resulting from the Covid-19 pandemic, is raising concern from investors and advisers, shows new data from Greenwich Associates.
Broadridge Financial Solutions has announced a record number of new signings for its Shareholder Rights Directive (SRD II) solution.
SteelEye, a compliance technology and data analytics firm, has been selected by Ardent Financial, a new FCA authorised Securities Dealer, to provide MiFID II and MAR compliance services.