Potential changes to MiFID II could mean EU asset managers setting up a branch in the UK post-Brexit would face barriers dealing with European clients.
Tag: MiFID II
ESMA report highlights lack of harmonised definition of safekeeping and record-keeping of ownership of securities at an EU-level.
Political factors taking centre stage for future regulatory reviews or introduction of MiFID II according to MEP.
Panel at InvestOps in London discussed the potential for over-reliance on RegTech firms to comply with MiFID II.
Broadridge makes first move with new FundAssist business by launching MiFID II ex-post reporting solution
Acquisition of FundAssist in May has led to new service set to help investment managers meet reporting obligations for the end of April 2019.
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.
HSBC's Karczewski believes custodians could play a part in the front-end decision-making process for clients.