by Emma Cleveland | 2016-07-13 | Industry News
On the 8 June 2016, the European Commission (the “EC”) adopted the latest Delegated Acts to supplement MiFID II and its regulatory technical standards (“RTS”) in relation to the reporting requirements and obligation to execute orders on terms most favourable to the...
by Emma Cleveland | 2016-06-28 | Industry News
On 8 June 2016, ESMA published their draft regulatory technical standards (“RTS”) for the European Long Term Investment Fund (“ELTIF”) regime. An ELTIF is an Alternative Investment Fund (“AIF”) that must be managed by an Authorised Fund Manager (“AIFM”) under AIFMD....
by Emma Cleveland | 2016-06-14 | Industry News
A key note speech by Verena Ross, Executive Directive of ESMA, has recently been published. In the speech, Verena notes how MiFID II/MiFIR is one of the key reform measures in response to the financial crisis, its main aim is to make financial markets more stable and...
by Emma Cleveland | 2016-06-09 | Industry News
The European Securities and Markets Authority (“ESMA”) issued an Opinion on 30 May 2016 in response to a letter sent by the European Commission (“Commission”) asking to amend its draft RTS 20 under MiFID II and MiFIR. RTS 20 provides the necessary criteria to...
by Emma Cleveland | 2016-05-26 | Industry News
In 2015 the FCA carried out a thematic review in relation to the benefits (or inducements) provided and received by firms conducting MiFID II business and it included those firms carrying out regulated activities in relation to a retail investment product (“Firms”)....
by Emma Cleveland | 2016-05-20 | Industry News
The latest amendments to the Financial Services Act 2016 (the “Act”) have been published with many provisions such as sections 31, 37 and 39 to 42 having already received Royal Assent on 4 May 2016. Additionally, certain provisions of section 25 of the Act came into...
