In The News

Germany – BaFIN MiFID II Implementation

On 19 June, BaFin issued a statement on MiFID II implementation in Germany. Second Financial Market Reform Act is due to be added to Federal Law Gazette soon. Law will come into force largely on Jan. 3, and will align national rules with MiFID II. Most of amendments relate to public-law framework for trading financial…
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U.S. SEC Issues FAQs for Form ADV

On Jun. 12, 2017, SEC issued FAQ on Form ADV related to Apr. 2016 final rule changes. Do not report social media account, where an unaffiliated distributor controls content. If another person pays your CCO, only report if paid for providing services to your firm. Only report over $1bn in total assets if on adviser's…
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SA Expands Consolidated Takeover Feed to 14 Countries

Solutions Atlantic has expanded its consolidated takeover list to 14 countries; now including Australia, Cyprus, and Malaysia. This consolidated takeover feed supports the takeover reporting obligations simplified by the Regulatory Reporting System. Also released are updated forms for UK TR-1 and Hong Kong SFC Form 2 both of which become effective in the coming weeks.
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Iceland – SA Releases Short Sale Reporting Rule

As previously reported in April 2017, the Icelandic Financial Supervisory Authority announced its proposal to implement the EU Short Selling Regulation into Icelandic law. SA has released the ESMA SSR Rule for Iceland ahead of the effective date, 1 July 2017. More about the ESMA SSR rule: The short selling regulation is a regulation of…
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