The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, today publishes a Call for Evidence on pre-hedging. The aim is to promote discussion among stakeholders and gather further evidence on the practice of pre-hedging that could help ESMA to develop appropriate guidance. The Call for Evidence illustrates the arguments in favour and...
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ESMA PUBLISHES LATEST EDITION OF ITS NEWSLETTER
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today published the latest edition of its Spotlight on Markets Newsletter. Your one-stop-shop in the world of EU financial markets focused in June mostly on developments on the ESG front with the publication of ESMA’s findings following its Call for Evidence to...
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Information for customers of unauthorised firm BubbleXT
On 6 October 2020, the FCA published a Warning against BubbleXT, a firm we believe may be providing financial services or products in the UK without our authorization. The FCA has become aware that consumers are still being targeted by scammers who have set up ‘recovery rooms’ with promises of returning their funds for a...
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nformation for customers of unauthorised firm BubbleXT
On 6 October 2020, the FCA published a Warning against BubbleXT, a firm we believe may be providing financial services or products in the UK without our authorisation. The FCA has become aware that consumers are still being targeted by scammers who have set up ‘recovery rooms’ with promises of returning their funds for a...
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FCA appoints members for new Secondary Markets Advisory Committee
We have appointed the members of our new advisory committee on secondary markets for a period of two years until 1 June 2024. Secondary Markets Advisory Committee members: Alex Skrine (Director of Electronic Trading at Winterflood Securities) Christopher Murphy (Co-founder & CEO at Ediphy Group) Daniel Mayston (Managing Director, EMEA Head of Electronic Trading and...
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THE ESAS PUBLISH THE JOINT REPORT ON THE WITHDRAWAL OF AUTHORISATION FOR SERIOUS BREACHES OF AML/CFT RULES
The European Supervisory Authorities (EBA, EIOPA, and ESMA – ESAs) published a joint Report, which provides a comprehensive analysis of the completeness, adequacy, and uniformity of the applicable laws and practices on the withdrawal of license for serious breaches of the rules on anti-money laundering and countering the financing of terrorism (AML/CFT). The joint Report...
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ESMA REPORTS ON SUPERVISION OF COSTS AND FEES IN INVESTMENT FUNDS
The European Securities and Markets Authority (ESMA), the EU securities markets regulator, today publishes a report on the Common Supervisory Action (CSA) on costs and fees for investment funds, that was carried out with National Competent Authorities (NCAs) during 2021. ESMA highlights, in the Report, the importance of supervision in ensuring investors are not charged...
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ESMA STUDY LOOKS AT REASONS FOR LOWER COSTS IN ESG FUNDS
23 May 2022 FUND MANAGEMENTSUSTAINABLE FINANCE The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published a study looking at the potential reasons behind the relatively lower ongoing costs, and better performance, of environmental, social and governance (ESG) funds compared to other funds, between April 2019 and September 2021. ESMA recently...
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UK authorities look to strengthen resilience of Money Market Funds
The FCA, jointly with the Bank of England, and with the endorsement of the Treasury, has today published a Discussion Paper on Money Market Fund (MMFs) reform. This seeks views to inform the development of MMF reform proposals. The FCA has also published guidance on the UK MMF Regulation. MMFs are a type of open-ended...
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ESMA CONSULTS ON NOTIFICATIONS FOR CROSS-BORDER MARKETING AND MANAGEMENT OF FUNDS
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, is consulting stakeholders on the information and templates to be provided and used by firms when they inform regulators of their cross-border marketing and management activities under the UCITS Directive and the AIFMD. The purpose of the draft ITS and RTS is to...
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