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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ESAS RECOMMEND CHANGES TO MAKE THE PRIIPS KEY INFORMATION DOCUMENT MORE CONSUMER-FRIENDLY
The European Supervisory Authorities (EBA, EIOPA, and ESMA – ESAs) published today their technical advice to the European Commission on the review of the PRIIPs Regulation. The advice will serve as input for developing the Commission’s Retail Investment Strategy. Taking into account the details provided by the European Commission in January 2021 on their intended...
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ESMA PUBLISHES THE ANNUAL TRANSPARENCY CALCULATIONS FOR NON-EQUITY INSTRUMENTS AND THE QUARTERLY SYSTEMATIC INTERNALISER CALCULATIONS
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today made available the results of the annual transparency calculations for non-equity instruments other than bonds and the quarterly systematic internalizer calculations. Annual transparency calculations for non-equity instruments other than bonds The results of the annual transparency calculations for non-equity instruments will...
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Corrie Bauckham Batts Limited enters liquidation
On 20 April 2022, Corrie Bauckham Batts Limited entered liquidation. John Dean Cullen and Rachel Helen Lai of Menzies LLP were appointed as joint liquidators of Corrie Bauckham Batts Limited. Corrie Bauckham Batts Limited is an FCA-authorised and regulated Lloyd’s wholesale insurance broker. The firm placed the non-marine insurance business into the London Market on...
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ESAS PUBLISH JOINT ANNUAL REPORT FOR 2021
The Joint Committee of the European Supervisory Authorities (ESAs) – EBA, EIOPA, and ESMA – published today its 2021 Annual Report, providing a detailed account of its joint work completed over the past year. The Joint Committee, under ESMA’s chairmanship in 2021, continued to play a central role in the coordination and exchange of information...
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