Regulatory
DORA – Challenges for Asset Managers
DORA may not be uppermost in the thoughts of Asset Managers, but it is a regulation that cannot be ignored if you carry out business in the EU, or with parties falling into
Read MoreThe Five Pillars of DORA for the Financial Services Industry
Further to ISC’s recent posts on the topic of DORA, and following the ESA briefing to financial services industry participants in early February 2023, here are the five pillars upon which DORA is built and which underpin the
Read MoreImportance of Incident Management for Investment Managers in the Context of the European DORA Regulation
In ISC’s last post on DORA regulation, which briefly described the Cybersecurity Requirements, we mentioned the need to respond to security incidents in a timely manner. Here are further details around that
Read MoreCybersecurity Requirements for Investment Managers under the European DORA Regulation
Following ISC’s recent post on DORA regulation, here is a brief summary of the Cybersecurity Requirements for consideration by Investment Managers
The European DORA Regulation requires companies to implement appropriate measures to secure their networks and systems from cyber threats. This includes measures to prevent unauthorized access to sensitive data
Read MoreISC Regulatory Change Forum 2023
Our forum is a great way to hear about the
common challenges we face.
If you would like to take part in the next Regulatory Change Forum
Read MoreEuropean DORA Regulation and its Implications for Investment Management Companies
At ISC’s recent Regulatory Change Forum (held 7th February 2023) the topic of the European DORA Regulation was raised, and in particular, what the impacts of DORA would be on the Investment Management Industry. Here is
Read MoreTrade & Transaction Regulatory Reporting – The Technology Challenge
Such is the complexity of the various regulatory reporting regimes in respect of Trade and Transaction reporting, that it can be quite bewildering. MiFIR, EMIR, CFTC, ASIC, SFTR, and other regimes, with all the various local rules, and frequent changes/updates make for a moving target which is increasingly hard to hit. This makes for challenges not only for asset managers who need to report their trades, but also for software
Read MoreConsumer Duty – upcoming deadlines for manufacturers and distributors
In July 2022, the FCA set out the final rules and guidance for a new Consumer Duty that will set higher and clearer standards of consumer protection across financial services.
The FCA proposed different responsibilities for firms classed as the manufacturer or distributor of a product or service.
ISC Regulatory Horizon Scanning for 2023 (& 2024)
ISC Regulatory Horizon Scanning for 2023 (& 2024) ISC has reviewed the regulatory horizon for 2023, (but also with an eye on what is coming in 2024), for the UK and European Investment Management industry. The key items of concern for the majority of managers are set out in the diagram below. At a high…
Read MoreUK/EU Regulatory Divergence – Asset Management Industry Outlook
In the wake of the UK leaving the EU, the UK’s Brexit Freedoms Bill introduced powers to make it easier to amend retained EU regulations. This, coupled with the UK and the EU both now taking their own direction on financial regulation moving forward means that divergence between the UK and the EU is increasing. This brings into focus that asset
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