Money Market Funds Regulations 2018
The Money Market Funds Regulations 2018 (the “UK MMF Regulations”) are made in relation to EU Regulation 2017/1131 on money market funds (“MMF Regulation”) which will apply in the UK […]
FCA Asset Management Conference – Insights
On 12 June, London’s Queen Elizabeth II Centre was home to the FCA Asset Management Conference 2018. The conference began with a keynote speech by Andrew Bailey, the Chief Executive […]
ESMA provides one-stop company portal
ESMA provides a one-stop company portal for investors seeking information on whether a financial service provider is authorised within the EU.
ESMA Technical Advice simplifying prospectuses format and content
ESMA has published the first part of its Technical Advice under the new Prospectus Regulation, covering the areas of format and content of a prospectus (including the Universal Registration Document), the EU Growth prospectus and the scrutiny and approval of a prospectus.
ESMA updated Q&As on Markets in Financial Instruments Directive and Regulation, Market Abuse Regulation, Benchmarks Regulation and Central Securities Depository Regulation
ESMA has updated its Q&As on the Markets in Financial Instruments Directive and Regulation, the Market Abuse Regulation, the Benchmarks Regulation, and the Central Securities Depository Regulation
Proposed changes to the AIFM and UCITS Directives
The European Commission (“EC”) have published a proposed directive and a proposed regulation amending Directive 2011/61/EU on Alternative Investment Fund Managers (“AIFMs”) and Directive 2009/65/EC on undertakings for collective investment in transferable securities (“UCITS”) to facilitate cross-border marketing of funds, including pre-marketing under the AIFM Directive.
Brexit: FCA Survey for EEA inbound passported firms
The Financial Conduct Authority (“FCA”), via a specific webpage entitled ‘Survey for EEA inbound passported firms’, are asking all firms they solely regulate that passport into the UK (either via a branch or on a cross-border services basis) or market funds in the UK to complete a short online survey.
FCA CP18/4 The European Money Market Funds Regulation
The FCA is consulting in CP18/4 on the EU Money Market Funds (“MMF”) Regulation, which came into force on 21 July 2017 and applies to new MMFs from 21 July 2018 and to existing MMFs from 21 January 2019. The FCA and the Treasury have identified areas of the UK regulatory framework that require changes.
Brexit: EC notices issued stating potential consequences relating to UCITS, MiFID and AIFMD
The UK will become a ‘third country’ on 30 March 2019, unless a ratified withdrawal agreement establishes another date. The EC have issued two Notices to Stakeholders reminding managers of investment funds and investors of the legal repercussions which need to be considered.
UCITS V
FCA Policy Statement PS16/2 sets out, as far as is possible, the final rules arising from the implementation of UCITS V, although there is also impact on NURS.