Regulatory

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

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.

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

With Consumer Duty uppermost in the consciousness of Investment Managers, and how it affects their organisations, we look at the main points of the cross-cutting rules outlined

ESMA has published its final report guidelines on selected aspects of the MiFID II suitability requirements, including specifically around

MiFID II/MiFIR proposed the idea of putting Consolidated Tape (CT) providers into place, platforms which would provide consolidated data on prices and