News & Events
The EU directive MiFID II (The Markets in Financial Instruments Directive) became
Taking into consideration everything within the scope of MiFID II, this particular regulation has been one of the biggest to ever hit the industry and has led to regulators having enhanced visibility into market activity.
Now that many, if not all, MiFID II work streams have been handed over to BAU, it is prudent to take a step back and review the final implementation. Guidance continues to be refined, and regulators are set to conduct assessments of the market impact, along with individual firms' compliance with the directive. This continued focus from regulators makes complacency particularly unadvisable and an ISC Healthcheck will ensure readiness for regulatory reviews.
Solvency II became fully effective in January 2016, following a delay of 2 years, allowing the industry to meet
ISC is proud to announce its sponsorship of Steve Kendall, Team GB Duathlete. Cheering him on at the Penticton 2017 ITU World Championships.
The Alternative Investment Fund Managers Directive (AIFMD) became effective in July 2013 giving firms with funds in scope until 22nd July 2014 to gain authorisation. These timeframes were very challenging for many impacted firms, as some had not previously been required to gain fund authorisation, whereas others had large or complex fund ranges. This meant updating fund documentation, processes and added transparency reporting. This all needed establishing in a very short period. Some of these processes would need to be continued regularly beyond initial authorisation, such as transparency reporting, which led to selection decisions following the route of least resistance.
Now that many of the reporting and review processes have undergone a number of iterations, it is prudent to reconsider the original decisions made. The market has matured with many of the European countries confirming their own specific requirements. There has been no information from either the European Securities and Markets Authority (
Tax Transparent Funds (TTFs) are being launched by organisations in the UK and 2015 saw a number of events by TTF providers promoting how they can support these new fund structures. ISC understand that these new
The EU directive MiFID II (The Markets in Financial Instruments Directive) is set for implementation in January 2018. This Directive is being issued alongside its accompanying regulation MiFIR (The Markets in Financial Instruments Regulation). ISC is delivering projects to help our clients ensure compliance with this wide-ranging regulation that we have seen to have significant operational impacts.
ISC is celebrating 10 years of offering consultancy services to the Investment Management Industry
This service aims to improve the risk protection in the event of the loss of outsourcing service as highlighted by the recent Dear CEO letter from the IMA.
Based on real client experience ISC now offers pragmatic advice to those clients requiring help in ensuring their firm meets the July 2014 deadline.
ISC has launched a new service that uses our experiences in improving the production of KIIDs.
Over the last few
In the light of this, we are delighted to announce that, as of Monday 28th January 2013, ISC LLP has converted to ISC Ltd. Current Partners have, as of 28th January, become Directors of the new company. We look forward to continuing to provide the Investment Management community with quality advice and assistance under the new corporate structure.
Simon Harris is interviewed and gives his thoughts to the International Securities Services Magazine on 'Adding Value Through Client Reporting'.
ISC's, Simon Harris, chairs the Client Reporting & Communications Workshop at TSAM 2013 in London on March 20th. Simon will be working with over 35 representatives from the investment management community to discuss the challenges client reporting projects face.
ISC Partner, Simon Harris, chairs the annual workshop at the annual Osney Media Conference on Client Reporting and Communication in London. Simon will be working with over 35 representatives from the investment management community to discuss how to maximize efficiency in client reporting production runs.
ISC has launched their GIPS Compliance Service.ISC produce the project brief, project plan and assist in the selection of a GIPS verifier. ISC work with the asset manager to become GIPS compliant and work with the asset manager to ensure that all the relevant material is ready to be reviewed prior to and during the verification phase.
ISC is ideally placed to assist clients to become GIPS compliant. We have specialists from the Performance and GIPS section of the industry and consider all the key components to gaining GIPS compliance, including; the pricing & valuation matrices, control procedures, performance calculations, composite allocations and calculations, and the consultant databases/RFPs.
A no fuss, value for money service. ISC has launched their GIPS Verification Service. Using our unrivalled and deep understanding of how asset managers work, we have specialists from the Performance and GIPS section of the industry. ISC employ dedicated on-site verifier resources for the verification field work and product of the final report. ISC