The UK FCA is set to open an assessment of authorised corporate directors following the fallout of the Neil Woodford fund affair.
Incoming regulation requires a third-party buy-in agent in cases of settlement fail.
Depositaries role of fund oversight could prove to be a useful boost to the ESG investment process.
The final phase would of enforced thousands have asset managers, hedge funds and insurers from September 2020.
The laissez-faire approach to UCITS principles has riled market regulators following the recent saga with Neil Woodford's flagship fund, which could have long-term consequences on the funds industry.
The biggest topics from four days at Fund Forum in Copenhagen, including the threat of passive investing to active asset managers, ESG, blockchain and the fallout from Neil Woodford’s fund suspension.
This rules will require firms that are taking on settlement themselves, and not through a CSD or sub-custodian, to report data on a quarterly basis.
LEI and UTI information will be required ahead of the SFTR deadline for large funds, according to an industry expert.
Three tier one banks sign up to DTCC's global trade repository (GTR) service for SFTR.
Industry welcomes consultation paper which addresses which securities financing transactions will be reportable for incoming regulation, among other aspects.