In the Dublin-based role, Dowdall will be responsible for monitoring regulatory developments and providing support to clients as they adapt to the changing landscape
EU securities market regulator takes on new supervisory powers for benchmarks and data service providers and will concentrate on building a single rulebook and promoting its role as an EU capital markets data hub
The Broadridge and Virtu partnership will provide a solution for asset managers to disclose transaction costs as they fulfil MiFID II and PRIIPs fund reporting requirements
“With only eleven months remaining, there is insufficient time left for fund managers (and other product manufacturers) to properly implement the envisaged wide-ranging changes,” says EFAMA
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