UCITS delegation rules highlighted as a major concern for asset managers by Citi
Citi report highlights UCITS delegation rules as key issue for asset managers.
Regulation
Hong Kong’s new rules set to attract wave of new fund launches
Setting up OFCs is said to save time and cost for managers establishing funds at other domiciles and distributing funds in Hong Kong.
Regulators look to establish global FinTech innovation sandbox
The UK’s FCA and ten other financial regulators have laid out plans for a new global financial innovation network.
JP Morgan among banks being investigated over ADR abuses
The investigation follows the recent $75 million settlement Deutsche Bank agreed to pay to the SEC for improper handling of pre-released ADRs.
European Commission to endorse SFTR, with go-live 2020
The European Commission intends to endorse the draft regulation but will amend certain details ahead of implementation.
Capital introduction teams facing stricter marketing regulations
Prime brokers and their capital introduction teams may have to rethink how they operate with new pre-marketing rules set to be enforced.
ESMA hits out at UK and German regulators over CSD lending exemptions
The watchdog has called upon UK and German regulators to revise national exemptions on collateral requirements within the UCITS framework.
UK investment consultants brace for CMA changes
The FCA's decision to refer investment consultants to the Competition and Markets Authority could spell radical changes for the industry.
Deutsche Bank to pay $75 million fine over ADR business
The German bank will pay the settlement after its US subsidiaries were charged with improper handling of “pre-released” ADRs.
EU asset safekeeping review may disrupt custody activities
Regulators are hoping to harmonise the safekeeping requirements for UCITS and AIFMD funds, however this could mean stricter record-keeping requirements.