Funds in Hong Kong will now find it easier to market to UK investors if they can demonstrate broad equivalence.
The investigation was launched into KMPG’s audit of BNY Mellon in 2015, after the custody bank was hit with a £126 million fine by the UK's FCA.
The UK’s FCA and ten other financial regulators have laid out plans for a new global financial innovation network.
The watchdog has called upon UK and German regulators to revise national exemptions on collateral requirements within the UCITS framework.
The FCA's decision to refer investment consultants to the Competition and Markets Authority could spell radical changes for the industry.
UK regulator to target business models of third-party outsourcing providers as part of its 2018/19 Business Strategy.
Tradeweb, MarketAxess’ Trax, Bloomberg, NEX Regulatory Reporting and TRADEcho all received APA authorisation.
First non-bank entity to receive approval as full depositary.