This month's roundup of developments affecting banks, wealth managers, brokers and funds sees a report from the European Commission on CRA regulation, the PRA publish a policy statement on MiFID II implementation and an updated Q&A on the application of AIFMD.
General Developments
- September statistics published by The Investment Association show mixed asset as the best-selling asset class and global as the best-selling sector
- Delegated Regulation supplementing PRIIPs Regulation regarding product intervention published
- GLEIF publishes information on registration agents
- IFSB publishes exposure draft on guiding principles on disclosure requirements for Islamic capital market products
- FCA publishes feedback statement for its call for input on regulatory barriers to social investments
- Compromise proposal on Regulation amending EuVECA Regulation and EuSEF Regulation published by the Presidency of the Council of the EU
- Report from the European Commission on CRA Regulation
- FCA thematic review of annuity sales practices
- Guidance on charity authorised investment funds from the IA
- 2017 work programme from ESMA
- FMLC paper on CCPs and clearing member obligations under Companies Act 1989 Part VII
- BoE consultation on reform of SONIA
- FCA consultation on proposals to improve transaction costs disclosure in pensions
- ESMA report on securities financing transactions and leverage in EU
EMIR & Derivatives
- FCA signs memorandum of understanding with US CFTC
- Delegated Regulation on ITS on format and frequency of reports to trade repositories adopted by EC
- Delegated Regulation on RTS on minimum details of data reporting to trade repositories adopted
- ISDA publishes trends in clearing for small derivatives users
- ECB publishes results of derivatives market survey findings
- Delegated Regulation on RTS on risk mitigation techniques for OTC derivative contracts not cleared by a central party has been adopted by the European Commission
Funds
- HM Treasury responds to consultation on implementation of UCITS V Directive
- ESMA publishes Remuneration Practice Guidelines under UCITS and AIFMD
- Q&A on application of UCITS updated by ESMA
- Updated Q&A on application of AIFMD
- FSB consultation responses on recommendations to address structural vulnerabilities from asset management
Investments & Investment Services
- FCA updates MiFID II market data processor system webpage
- Joint ESMA and EBA guidelines on assessment of suitability of management body and key function holders
- Policy statement on MiFID II implementation from PRA
- European Parliament does not object to Regulation supplementing the PRIIPs Regulation regarding product intervention
- EACB and ESBG call for urgent decision to delay PRIIPs Regulation
- ESMA publishes Q&A on CFDs and other speculative products
- ESMA publishes Q&A on MiFID II and MiFIR investor protection topics
- ESMA transaction reporting final guidelines published
- MiFID II corrigendum published
- ESMA consultation on MiFID II guidelines relating to trading halts
- ESMA consultation on guidelines on suitability of management bodies of market operators and data reporting services providers
- ESMA consultation paper on MiFID II product governance guidelines
Investments & Funds
- CLLS and Law Society update MAR Q&A
- ESMA publishes trade reporting instructions under MiFIR
- Updated Q&A from ESMA on corporate aspects of MAR
- MAR Q&A updated by ESMA
- MAR corrigendum published
- ESMA publishes guidelines on market soundings and delayed disclosure of inside information under MAR
