Legal & Regulation

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

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

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).

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

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

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).