Investment managers running UCITS funds or Alternative Investment Funds (AIFs) will not fall directly under MiFID II or have any legal obligation to comply with regulation or require a MiFID license. However, from a product governance perspective, they will be
Anyone who has bought or sold a home knows that, prior to closing, an inspector usually verifies the property's condition. The buyer doesn't simply accept the seller's representation that the home is sturdy and unlikely to collapse. An inspection lays
On forecasting the likely actions of Russia during the Second World War, UK Prime Minister, Sir Winston Churchill, spoke of it as a ‘riddle wrapped in a mystery inside an enigma'. Alternative asset managers might be forgiven for thinking the same about
MiFID II aims to increase the accountability and transparency of the financial services industry and represents the latest in a long line of regulatory developments since the '08 global financial crash. Both buy-side and sell-side MiFID regulated firms are busy
Colt Technologies is a private telecoms company owned by Fidelity. It delivers secure, on-demand services designed to meet the stringent requirements and speed of the financial markets. Among the more than 400 capital markets firms it supports worldwide includes 18
At the last count, there were approximately 1,384 pieces of information to look through under MiFID II. For Chief Compliance Officers, that is an awful lot of work to get on top of, which is why implementing a compliance roadmap
MiFID II comes into effect on 3 January 2018 and will likely require fund managers to make significant changes to their systems, governance and controls & procedures. One of the first preparatory steps to take is for fund managers to
The introduction of MiFID II and MiFIR on 3 January 2018 will impact every aspect of how financial institutions do business. The scale of the task cannot be underestimated. For buy-side firms, getting the right vendor relationships in place will
The European Energy Exchange (EEX) has been re-appointed as the common auction platform for CO2 emission allowances, following the completion of a joint procurement procedure. The European Commission has signed a contract with EEX and its clearing house European Commodity
The European Securities and Markets Authority (ESMA) has published its advice regarding the Alternative Investment Fund Managers Directive (AIFMD) passport to non-EU AIFMs and AIFs in 12 countries. Currently, non-EU AIFMs and AIFs must comply with each EU country’s national
