EMIR: Further Clearing Requirements
A third tranche of derivative classes subject to the clearing obligation is published
UCITS Share Classes
ESMA has been turning its attention to UCITS share classes and has issued a Discussion Paper – 2016/570 – on the matter (it had published a shorter Discussion Paper – 2014/1577 – on the subject in December 2014).
Remuneration Guidelines: UCITS V and AIFMD
UCITS V introduces the need for UCITS management companies to establish and apply remuneration policies and practices – SYSC 19E incorporates the nine UCITS remuneration principles (see Regulatory Roundup 73).
Securities Financing Transactions Regulation: ESMA Discussion Paper
As advised in Regulatory Roundup 72, reporting and transparency obligations will arise in respect of securities financing transactions
Remuneration: Bonus Cap
The European Banking Authority’s Guidelines on sound remuneration policies were published on 21 December last.
EMIR Mandatory Clearing: Credit Default Swaps
As we know, Article 4 of EMIR imposes a clearing obligation on all OTC contracts which fulfil the conditions therein.
The Insurance Distribution Directive
Of Relevance to Insurance product providers and insurance intermediaries The Insurance Distribution Directive The Insurance Mediation Directive (“IMD”), implemented in 2005, regulates the sale of insurance products and was intended […]
Fourth Money Laundering Directive: Proposed Amendments
As we know the UK (and other Member States) have until 26 June 2017 to implement the Fourth Money Laundering Directive (2015/849 – “4MLD”) into national law – see the […]
AIFMD: Passport Extension Update
Last July ESMA provided its advice and opinion to the European Parliament, the Council and the Commission on: the extension of the passport regime to non-EEA AIFMs; and the marketing […]
EBA: Report on Investment Firms and Prudential Requirements
There has long been a recognition within the industry that the prudential requirements of investment firms arising out of the CRD IV framework were first and foremost designed for credit […]