Yearly Archives: 2017

E.U. – ESMA Issuer APM Report

On 30 October, ESMA added 6 new questions to Q&A document on guidelines for issuer APMs. Questions cover definition of APMs, scope of guidelines, scope exemption, organic growth. And how to carry out reconciliation and how to apply fair review principle in APM context. Background and Scope Aims to encourage issuers to publish transparent, unbiased…
Read more

Australia – ASIC Fund Management Guide

On 26 October, ASIC proposed overhaul fund management guidance. Six new, updated regulatory guides, developed prior to roll-out of the Asia region funds passport and corporate collective investment vehicle legislation. To take account of the new areas, bring ASIC funds management policy up to date. Updated guidance aim to provide up-to-date advice and reduce regulatory…
Read more

E.U. – MiFID II Level 2 Measures

On 26 October, EU issued further level 2 measures on MiFID II regulations. Level 2 rules on authorizations, forms, notifications and investment firm acquisitions. Del Reg 2017/1943 Covers information and requirements under MiFID for authorization of investment firms. Requires copies of corporate documents, certified copies of instrument of incorporation. As well as information on sources…
Read more

U.S. – SEC No Action MiFID Research

On 26 October, SEC issued relief on available US research in EU in MiFID. Responded to SIFMA, ICA relief requests on US broker ability to provide research. To money managers in EU subject to MiFID II in January 2018, agreed EU regulators. EC also issued FAQs as per SEC interpretation, post-implementation. Helps compliance MiFID II…
Read more