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”.
Legal & Regulation
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.
The Marlborough Group has expanded its global reach by registering its Ireland-domiciled UCITS fund of funds range with the Securities and Commodities Authority (SCA) in the United Arab Emirates and the Monetary Authority of Singapore (MAS).
TISA, the UK’s cross-industry financial services membership body, has appointed Atos, a digital transformation firm, to build a digital utility for the asset management industry, called the TISA Universal Reporting Network (TURN). TURN is being created to ease regulatory reporting requirements for MiFID II. It will be available across Europe based on blockchain technology and is due to launch in the last quarter of 2020.
Any UK business conducting crypto asset related activities will have to register with the FCA by today (30 June, 2020)or cease trading in 2021.