This month's roundup of developments affecting banks, wealth managers, brokers and funds sees ESMA reporting on the risk outlook for EU securities markets, the eleventh progress report on the OTC derivatives market reforms from FSB, the "lifestyling" of Child Trust Funds to be removed for stakeholders and FCS MiFID II implementation roundtable: minutes published.


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General Developments

  • Progress report on measures to reduce misconduct risk from FSB
  • Standard initial margin model launched
  • Pensions advice allowance consultation from HM Treasury
  • Registration authorities list published by GLEIF
  • ESMA reports on risk outlook for EU securities markets
  • IA: revised approach to statement of principles
  • CPMI and IOSCO second consultation on harmonisation of unique product identifier
  • ABI publishes pension freedom data – April 2015-2016
  • EC Implementing Regulation establishes list of critical benchmarks
  • BoE working group on sterling risk-free reference rates – June 2016 minutes
  • Hidden fund fees called into question by IA
  • FCA Interim report on asset management market study delayed
  • Industry assets reach a 12-month high despite June volatility

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EMIR & Derivatives
  • Compliance calendar for OTC derivatives updated
  • Eleventh progress report on OTC derivatives market reforms from FSB
  • Delegated Regulation on RTS for methodologies and principles on valuation of derivatives liabilities under BRRDAddendum to draft RTS on margin requirements for uncleared OTC derivatives

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Disputes & Enforcements

  • Mortgage broker banned and censured by FCA

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Funds

  • Boost returns while cutting risk
  • Lessons from Team GB for fund managers
  • "Lifestyling" of Child Trust Funds to be removed for stakeholders

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Investments & Investment Services

  • FCS MiFID II implementation roundtable: minutes published
  • Good practice for fees and expenses of collective investment schemes
  • Investment Association: Industry assets reach record high as outflows slow
  • EC adopts Delegated Regulation on RTS specifying requirements for algorithmic trading
  • EC adopts Delegated Regulation on RTS for reporting of transactions to competent authorities
  • IOSCO consults on good practices for termination of investment funds
  • FCA MiFID II implementation roundtable minutes

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Key contacts

David Ellis

David Ellis

Partner, Financial Regulation
London

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Brian McDonnell

Brian McDonnell

Partner, Financial Regulation
London

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Chris Brennan

Chris Brennan

Partner, Financial Regulation
London

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