ESMA and European Commission clash on SFTR reporting standards
ESMA has rejected a request from the European Commission to remove the wording of LEIs in the upcoming rules.
Regulation
Indian regulators extend securities lending hours
SEBI has been active in trying to implement reforms in the securities lending market to grow volumes and mutual fund participation.
Interactive Brokers fined $5.5 million for violating short selling rules
FINRA has fined Interactive Brokers for failing to comply with short selling rules between 2012 and 2015.
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.
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.