Industry awaits formal approval from European Commission, but Global Custodian understands it will make no 'fundamental changes' to SFTR which now looks to be adopted in at the end of the year or Q1 2019.
ESMA confirms there will be no extension to the six-month grace period implemented just two weeks before MiFID II went live on 3 January this year.
The Simple, Transparent and Standardised Securitisation Regulation (STS) is designed to provide an uplift to the European securitisation market, however experts argue the rules could make little difference in their current form.
Regulators around the world have passed similar stricter rules on short selling of listed securities.
The provision exempts cash placed in central bank reserves by custodians from the calculation of the supplementary leverage ratio.
Institutional investors are expected to double their investment into ESG-driven strategies over the next two years.
Financial authorities across Europe are not all singing the same song when it comes to regulation of UK funds post-Brexit, finds Charles Gubert.
The European Securities and Markets Authority (ESMA) has launched a consultation on participant default rules and procedures under Central Securities Depositories Regulation (CSDR)
No single asset manager appears to have yet fallen foul of the rules governing reverse solicitation under the EU’s Alternative Investment Fund Managers Directive although the risk of regulatory sanctions for breaches does still remain.
The additional fees and requirements for the EU passport scheme affect the harmonisation of the market, according to the alternative investment management association.