Legal & Regulation | Institutional Asset Manager

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FCA responds to ESMA statement on MiFID obligations and benchmarks regulation in event of no-deal Brexit

Thu, 14/03/2019 - 10:42

ESMA has published a statement clarifying its approach to aspects of the MiFID position limits regime, post-trade transparency requirements, derivatives trading obligation and benchmarks regulation if the UK leaves the EU without an implementation period (a no-deal scenario). »

Guernsey confirms continuity of UK market access for funds post-Brexit

Thu, 14/03/2019 - 09:23

Guernsey’s financial services regulator has signed a Memorandum of Understanding with the UK’s Financial Conduct Authority to ensure market access for Guernsey investment funds into the UK after Brexit. »

New MoU between JFSC and FCA will give managers added certainty and confidence, says JFA

Wed, 13/03/2019 - 10:46

A new Memorandum of Understanding (MoU) signed between Jersey’s financial regulator the Jersey Financial Services Commission (JFSC) and the UK’s Financial Conduct Authority (FCA) should give fund managers added certainty around accessing UK investor capital through Jersey in the lead up to Brexit, according to Jersey Finance and the Jersey Funds Association (JFA). »

CISI and Chartered Banker Institute welcome FCA requirement for individual members to include professional body membership in new Directory

Tue, 12/03/2019 - 08:39

Two leading financial services professional bodies have welcomed the FCA’s policy statement (19/7) which concludes its discussion on the creation of a new Directory. »

CFTC makes whistleblower award totalling more than USD2m

Tue, 05/03/2019 - 10:55

The Commodity Futures Trading Commission (CFTC) has announced a whistleblower award totalling more than USD2 million to be paid to an individual whistleblower. »

Firms eager to see EU’s final prudential rules

Tue, 05/03/2019 - 10:52

ACA Compliance Group's Head of Prudential Practice, Michael Chambers, comments on the agreement struck last week by the EU for new prudential rules for investment firms across Europe… »

SEI submits Master Trust authorisation to TPR

Tue, 05/03/2019 - 10:39

SEI completed the submission for authorisation of the SEI Master Trust on 28 February 2019, several weeks ahead of The Pensions Regulator’s (TPR) end of March 2019 deadline. »

Union Bancaire Privée obtains wholesale bank license in Singapore

Mon, 04/03/2019 - 15:25

Union Bancaire Privée’s Singapore branch has received regulatory approval from the Monetary Authority of Singapore (MAS) for a wholesale bank license. UB P Singapore expects to commence operations as a wholesale bank from 1 April 2019. »

FCA releases updated guidance on EU departure preparations

Fri, 01/03/2019 - 09:41

The UK’s Financial Conduct Authority (FCA) is urging financial services firms to ensure they are making any necessary changes to protect customers from negative impacts of leaving the EU, whatever the outcome of negotiations, including a no-deal Brexit. »

New agreement heralds tighter controls for financial firms operating in the EU

Wed, 27/02/2019 - 10:55

The European Commission is to gain greater powers to oversee the activities of foreign financial firms operating in the European Union – including London-based firms post-Brexit – following an agreement reached late on Tuesday between EU governments and lawmakers. »