This month's roundup of developments affecting banks, wealth managers, brokers and funds sees: Capital Asset Management criticise wealth management advice fees, ESMA update its MiFID II Q&As on transparency and market structure, a request from EACT to keep the corporate hedging exemption in EMIR, ESMA publish an opinion on UCITS share classes and update its Q&A on the Market Abuse Regulation
Read the issue in full
General Developments
ESMA 2017 work programme for credit rating agencies, trade repositories and third country CCPs
Corrigendum to Delegated Regulation on RTS on risk mitigation techniques for uncleared OTC derivative contracts under EMIR
ISDA updates OTC derivatives compliance calendar
ESMA Q&A on alternative performance measures
Report criticises wealth management advice fees
FSB reports on re-hypothecation of client assets and collateral re-use
FCA updates responsibilities for advisers and firms accepting business from introducers
FCA consults on changes to CASS in light of SAR review
Euan Munro joins Investment Association Board
FSB publishes Policy Recommendations to Address Structural Vulnerabilities from Asset Management Activities
Investment Association’s monthly statistics of UK investor behaviour in November 2016
Investments & Investment Services
ESMA updates MiFIR data reporting Q&As
ESMA updates MiFID II Q&As on transparency and market structure
FCA direction relating to forms and MiFID II
FCA releases MiFID II market data processor application form
AFME publishes MiFID II exchange questionnaire
ESMA briefing on MiFID II technical data reporting requirements
FCA guide to applications and notifications under MiFID II
ESMA opinion on impact of exclusion of fund managers from scope of MiFIR intervention powers
Follow-up Report to the Peer Review on Best Execution
ESMA publishes responses to consultation on suitability of management bodies of market operators and data reporting services providers
Responses to ESMA consultation on draft RTS on package orders under MiFID II
Questionnaire to help firms meet MiFID II requirements relating to IT outsourcing
EMIR & Derivatives
FCA updates webpage on margin requirements for uncleared derivatives
Council endorses EMIR delegated regulations
ESMA updates Q&A on EMIR implementation
European Commission will publish legislative proposal to revise EMIR in spring 2017
Keep corporate hedging exemption, says EACT in EMIR Review response
ESMA consults on guidelines on transfer of data between trade repositories
EMIR Review and ESMA sanctioning powers under EMIR and CRAR
ESMA issues opinion on Spanish pension schemes to be exempt from central clearing under EMIR
Delegated and Implementing Regulations on technical standards on EMIR reporting requirement
European Commission amends phase-in of margin requirements under EMIR
EBA and ESMA call to clarify margin requirements between CRR and EMIR
Funds
ESMA opinion on UCITS share classes
Market Conduct
EMMI update on second phase pre-live verification programme for evolution of EURIBOR
ESMA updates Q&A on the Market Abuse Regulation
ECB speech on the repo market
BoE speech on market functioning
ESMA Chair speaks on reforms in OTC derivatives markets and benchmarks at Prime Conference
ESMA: official translations of MAR guidelines on commodity derivatives
