AES calls for clarity on UK advice firms using EEA passporting
Financial services firm AES International has called for more clarity on advisory firms operating in the UK under European passporting rules.
Mifid
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FCA rules out MiFID II face-to-face client recording requirement
Advisers will not be required to tape face-to-face meetings with clients when the Markets in Financial Directive II (MiFID II) is introduced in January 2017, the Financial Conduct Authority has confirmed.
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Blacktower gets go-ahead for MiFID licence
Blacktower Financial Management Group has been given the green light by the Gibraltar Financial Services Commission for a Restricted Category 3 MiFID Licence.
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MiFID II: Seven key implications for asset and wealth managers
EY’s seven ways MiFID II will affect asset and wealth managers
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MiFID II delay raises industry compliance worries
The deadline for submitting the final draft technical standards for MiFID II has been pushed back to September, raising concerns over the time companies will have to adapt to the industry-wide regulation.
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ESMA consults on MiFID II
The European Securities and Markets Authority (ESMA) has begun consulting the financial industry on its proposal that adviser standards should be set by individual national authorities under MiFID II.
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FCA proposes extension of inducement
The Financial Conduct Authority has proposed extending the inducement standards set out by the Markets in Financial Instruments Directive II (MiFID II) to those providing restricted advice and to discretionary managers.
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MiFID firms fall short on advice responsibilities
Investment firms across Europe are failing to provide the best possible results for their clients as they are required to under the Markets in Financial Instruments Directive (MiFID), the EUs key independent authority has said.
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FECIF firmly disagrees with
The European Federation of Financial Advisers and Intermediaries (FECIF) has said it “firmly disagrees” with a requirement in MiFID II for asset managers to provide clients with information on inducements paid to advisers.
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RDR mistakes act as warning for MiFID II
The implementation of new distribution regulation in Europe is “fraught with danger”, according to a new report from ALFI, which also heavily criticises the implementation of the Retail Distribution Review in the UK.
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AIFMD expansion consultation closed by ESMA
A consultation on whether to extend the Alternative Investment Fund Managers Directive (AIFMD) beyond Europe has closed, and will now be used to determine the European Commissions legislative stance on the matter.
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ESMA aims for improved investor protection
ESMA has introduced a wave of additional investor protection measures in its final technical advice on the implementation of the Markets in Financial Instruments Directive II (MiFID II).