UK fund providers will have until 15 September 2019 to submit a ‘Brexit licence’ to the Luxembourg regulator to continue trading in the Grand Duchy.
Legal & Regulation
With the FCA’s Policy Statement PS18/8 due to come into effect from 30 September 2019, Authorised Fund Managers (AFMs) will need to publish Assessment of Value reports from the end of January 2020 (within four months of their funds’ year-end).
A global RegTech company has seen enquiries for its software triple as financial services firms prepare for a Post-Brexit landscape.
The Securities and Exchange Commission has charged a Pennsylvania investment adviser with operating an investment advisory fraud involving over USD100 million in investments. The SEC also obtained an emergency asset freeze.
The Securities and Exchange Commission has charged New York-based broker-dealer AOC Securities, and its former chief executive officer, Ronaldo Gonzalez, with failing to supervise an AOC broker who provided inflated price quotes for certain securities to a significant customer of AOC.
By Blake Estes, counsel in Alston & Bird’s Financial Services & Products Group – Following the financial crisis, the Basel Committee on Banking Supervision and the International Organisation of Securities Commissions (IOSCO), as directed by the G-20 countries, developed consistent global standards for margin requirements for uncleared derivatives to reduce systemic risk in the derivatives markets.
Capital markets and banking technology specialist Sensiple is bringing its Regtech product SETREGA for MiFIDII, SFTR and EMIR compliance and reporting to the FR2 data centre in Frankfurt as part of a new agreement with Transaction Network Services (TNS).
A survey conducted on preparation for the FCA’s Senior Managers and Certification Regime, (SM&CR) has revealed that most firms have significant work to do, as they prepare for its extension to all authorised firms on 9 December.
In a new study of the nation’s largest SEC-registered hedge fund advisers, data reveals that advisers are taking a conservative, long-term approach to their business decisions, regardless of asset declines experienced by many from 2017 to 2018.
US Commodity Futures Trading Commission Chairman Heath P Tarbert has announced the following appointments to the CFTC’s executive leadership team.