While some national competent authorities at EIOPA’s board continued to express reservations on the draft RTS, they supported the proposal based on the further details provided by the commission on their approach to the broader review of PRIIPs
The association suggested that this long-overdue review is now unavoidable and should be initiated with urgency to prevent further harm to the interest of retail investors
ESAs said they are not in a position to formally submit draft RTS to the European Commission to amend the PRIIPs Delegated Regulation after it did not receive the support of a qualified majority
During the transition period, the EC explained that the EU and the UK will negotiate an agreement on a new partnership
The UK will see a number of changes being made to its regulatory framework in the financial services space, including the Central Securities Depositories Regulation (CSDR), following the announcement by HM Treasury’s chancellor of the exchequer Rishi
Compliance Solutions Strategies has partnered with cleversoft to enable clients to access an end-to-end service for meeting requirements under Packaged Retail and Insurance-based Investment Products
MiFID II and PRIIPs “brought enormous change to how firms operate and the information they are required to give their customers”, according to Andrew Bailey, chief executive of the Financial Conduct Authority
The second Markets in Financial Instruments Directive (MiFID II) has “created a barrier to entry for smaller firms”, according to a panellist at this year’s TSAM London: the Summit for Asset Management
Demand for reliable data to support a front-to-back digital operating model are being superimposed onto longstanding requirements for efficient safekeeping, analytics and trade lifecycle management
Proposed legislation in the House of Lords is seeking to remove UK-listed investment companies from under the remit of AIFMD regulation, a proposal that would affect one-third of FTSE 250 companies and change the complexion of the British investment market
The pandemic has shone a light on the need for accelerated adoption of new tools that will drive inorganic innovation and growth in the asset servicing space. Panellists discuss how technology will help asset managers find a competitive edge and innovate their solutions
Charles de Cerjat and Celine Cottet of Pictet explain how regulatory transformation is entering a consolidation phase of supervisory enforcement
Frank Carr of Financial Risk Solutions discusses the firm’s Asia Pacific expansion and how it will affect the market
Denise Voss of ALFI explains that continuing its partnership with the UK post-Brexit is important, and although Luxembourg’s fund industry is in good shape, there are a lot of changing dynamics to deal with
Between geopolitical turmoil and the ongoing regulatory challenge, the Luxembourg funds industry remains strong, says ALFI chair Denise Voss
It’s important to understand the challenges of regulatory reporting and remember that it is not going anywhere, says Mario Mantrisi of KNEIP
