Regulation and Compliance - Articles & White Papers
Reports and white papers on investment regulation and compliance issues. Amongst the research in this investment compliance and regulation section are white papers on AIFMD (Alternative Investment Fund Managers Directive) and Solvency II - particularly the practical implications for fund managers and insurers. Reports discussing the impact of regulation on fund management...
companies, and the operational challenges this presents, have been particularly well received, whilst regulatory primers (for instance providing an overview of who regulates whom and how) have also been well read. Other surveys and articles cover financial regulatory policy, hedge funds regulation, investment regulation, risk management, IFRS financial statements, GIPS performance reporting and the future of investment compliance for asset owners.
Do you know where your pension is invested? In 2019, the Financial Conduct Authority’s (FCA) Retirement Outcomes Review uncovered that for a third of all consumers entering drawdown, the answer is no. Instead, many choose the 'path of least resistance' and remain in the funds they were invested in before they retired.
State Street looks back at the implementation of the 2011 EU Shareholder Rights Directive and its Implementing Regulation which entered into force on 3 September 2020, and finds an industry that faced a number of challenges.
From 10 March 2021 the SFDR3 requires Fund Managers of AIFs and UCITS as well as investment firms providing portfolio management or investment advice under the framework established by MiFID to disclose how they consider sustainability risks in their investment processes and products and how they deal with principal adverse…
Joukje Janssen, lead partner for sustainable finance at PwC and Adrie Heinsbroek, NN IP’s chief sustainability officer, have been looking forward to 10 March 2021 for a while now, when the first stage in the EU’s new sustainable finance regulatory framework comes into effect. This marks the first official step towards a…
Professor Eric Maskin joined Evan Brown, Head of Multi-Asset Strategy in the Investment Solutions team at UBS Asset Management, in a webinar to discuss the implications of the COVID-19 pandemic on vaccine rollout, inequality, climate change and the broader global economy.
In part 1 of the premiere episode, Josh Cohen, PGIM’s Head of Institutional Defined Contribution, is joined by Professor James Wooten at the University at Buffalo School of Law. During their conversation, Professor Wooten explains a series of crucial events that led to the creation of the Employee Retirement Income Security…
A quarterly overview of legislative and regulatory developments in the European Union. The last few months of a calendar year are traditionally a very busy period for policymakers and the final quarter of 2020 did not disappoint in that regard.
The ESMA Annual Statistical Report 2021 provides an overview of EU retail investment products from 2010 to 2019. With around EUR 11tn assets, Undertakings for Collective Investment in Transferable Securities (UCITS) remained the largest investment fund sector in the EU, of which more than EUR 4.5tn held by retail investors.…
This final report contains proposals aiming at clarifying the MiFID II provisions relating to OTFs and, more generally, multilateral systems to ensure efficient EU market structures and to enhance the level playing field between all firms operating in the EU while reducing the level of complexity for market participants.
This quarterly update is a must-read for investors wishing to stay up to date with the latest regulatory, industry and market structure topics. The 'Quarterly Assessment' covers the post-Brexit impact on the international bond market, and there are separate features on the post-Brexit impact on the primary markets…
This guide will focus on the CFTC rewrite and what firms should be considering as they prepare for the rule changes. The clock has now started ticking, with an implementation date set for May 25, 2022. Despite the seemingly protracted go-live date, the planning and implementation process should start as soon as possible as…
As crypto and digital assets are relatively new for regulators across the globe, the legal approach by the authorities varies from one country to another, therefore the regulations governing such assets differs in various jurisdictions. Creators of digital assets and digital asset exchange operators must consider many…
Page Executive have conducted an extensive salary and bonus review of roles that sit under London’s investment management and corporate functions umbrella. This review is a comprehensive assessment of compensation across a broad variety of roles, covering specific areas of expertise and associated functions, whilst…
FTSE Russell index standards are underpinned by strong governance and an emphasis on transparency. To ensure that their indexes continue to meet investors’ requirements, independent committees advise on their design to make sure that they each evolve to continue to meet the highest standards in the industry. To promote…
This latest edition of Pensions Apect magazine from the PMI is full of useful articles and relevant material covering such topics as cybersecutity, responsible investing and top tips for managing risk.
PMI, partnered by River and Mercantile Solutions, combined to undertake the first Annual UK Fiduciary Management Survey. With almost 100 respondents, they have some very robust data and interesting findings, which they share in this document.
MiFID II forces banks and wealth managers to ask clients for their investment knowledge and experience. The implied regulatory view is that less experience should result in less risk taking. While this is neither shared in theoretical nor in empirical finance, it becomes a source of legal risk for asset managers and banks.…
Security token offerings or STOs, the issuance of digital tokens using blockchain or distributed ledger technology, are increasingly being seen as an alternative to mainstream debt and equity fundraisings. In this report Coppller Capital considers how STOs are structured, looks at some of the benefits and challenges, and…
