The European Securities and Markets Authority (ESMA) said a study it undertook found that up to 15% of large, actively-managed Ucits equity funds are potentially just tracking the underlying market index.
We’re now in the second month of the year and corporate musical chairs doesn’t appear to be slowing. In fact, opening International Adviser’s mailbox each morning to a slew of appointments, promotions, and departures is beginning to feel a bit like Groundhog Day.
Delaying the implementation of Mifid II until January 2018 still might not give enough time for the European Securities and Markets Authority (Esma), national regulators, and market participants to make the necessary IT changes, says Esma chair Steven Maijoor.
Some non-EU fund managers are forgoing European investors because of the compliance headaches associated with the Alternative Investment Fund Managers Directive (AIFMD), reports Cerulli Associates.
An industry frustrated by the lack of clarity over MiFID II’s detailed requirements would welcome a year-long deferral.
The European Securities and Markets Authority is to begin assessing whether Australia, Canada, the Cayman Islands, the Isle of Man, Bermuda and Japan should get access to the marketing ‘passport’ under the Alternative Investment Fund Managers Directive.
The European Securities and Markets Authority (ESMA) has released its final technical standards for MiFID II and the Market Abuse Regulation (MAR), which set out how the new legislation will work in practice.
The Investment Association has called for a rethink of some of the trading rules to be proposed in the details of the Markets in Financial Instruments Regulation (MiFIR).
The number of Jersey funds being given access to Europe through private placement regimes under the EU Alternative Investment Fund Managers Directive (AIFMD) has risen by 10% in six months, figures from the Jersey Financial Services Commission reveal.
The European Securities and Markets Authority (ESMA) has suggested changes to the governance of over-the-counter derivatives markets including a new process for handling regulatory differences between EU states.
The limited progress in opening access across the European Union to fund managers outside the region seeking to offer alternative investment funds (AIFs) could be seen as a reluctance to act, according to one specialist lawyer.
The European Fund and Asset Management Association (EFAMA) has unanimously elected a new president to replace Christian Dargnat, who has sat in the role since 2013.
