Included in the January 2017 edition of InVest is a roundup of developments affecting banks, wealth managers, brokers and funds. Read more… 

This month's roundup of developments

• The European Commission publish an overview of its level 2 measures in the area of financial services;
• The FCA consult on its review of the funding of the Financial Services Compensation Scheme; and
• The European Securities and Markets Authority's (ESMA's) proposal to introduce a new digital format for issuers' financial reporting.

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General Developments

• ESMA proposes new digital format for issuers' financial reporting
• European Commission overview of level 2 financial services measures: December 2016

Investments & Investment Services

• The Wealth Management Association publishes response to MiFID Consultation Paper III
• FCA publishes fourth consultation paper on implementing MiFID II

EMIR & Derivatives

• European Commission adopts Delegated Regulation further extending temporary clearing exemption for Pension Scheme Arrangements under EMIR
• FCA opens applications for intragroup exemption from EMIR margin requirements

Funds

• Council of the EU press release on regulation amending EuVECA Regulation and EuSEF Regulation
• Council of the EU approves text of proposed Money Market Funds Regulation

Market Conduct

• ESMA has updated its Q&A's on the Market Abuse Regulation