Know Your EU Remuneration

…broad definition of “identified staff” maybe overly wide and unnecessarily impact individuals. Likewise, what is defined as having a “material impact” is unclear. UCITS V UCITS V builds on UCITS

The ‘Super Tuesday’ safety net

UCITS V This latest amendment to the Undertakings for Collective Investments in Transferable Securities (UCITS) directive seeks to better protect small investors and clarify responsibility for investor funds. The 65-page…

What does Brexit mean for asset managers?

…to remain a domicile for UCITS, all the hassle of re-domiciliation to an EU country and reauthorisation under the UCITS directive will be time-consuming and costly. Building a parallel UCITS-style…

10 key questions on the PRIIPs regulation

…are payable on death or incapacity Various pension products. It is important to note that UCITS have currently been carved out of the regulation for a period of 5 years…

GIIN! … LEI! … PRN?

…Looking at the crossovers with AIFMD, UCITS IV/V and EuVECA/EuSEF was a scary introduction for those who are not fund management centric. In addition to the many requirements set out…

ESMA’s advice on AIFMD passport in 12 non-EU countries

…of UCITS (Undertakings for Collective Investment in Transferable Securities), both countries are potentially problematic. The SFC (Securities and Futures Commission of Hong Kong) operates a regime (AIR, Acceptable Inspection Regime)…

The Christmas gift …

…in the UK, EU and US alone published over 40 critical documents. JWG’s tracking revealed a broad range of subjects. CRD IV/CRR, BRRD, UCITS V, MiFID II/MiFIR, CPMI/IOSCO, Dodd-Frank and…

Two new EU regulations to add to your roadmap in 2014

…limits sales to derivatives “eligible for central counterparty clearing” while the list of eligible financial entity customers is limited to certain AIFs, insurers, pension fund managers and UCITS. Main provisions…

Ready for the ‘summer of 39’ aftermath?

…responses to the MiFID II consultation in August. JWG research has picked up consultations on REMIT, CRD IV, SSM, SRM, FICOD, UCITS, investor protection, remuneration, accountability, clawbacks, pensions and more….

RegRoundup 4 April: the pursuit of clarity

…banks and ESMA focusing on sound remuneration policies under the UCITS Directive and AIFMD. The FSB also met in Tokyo to discuss their priorities for the upcoming year. This included…

Key regulatory themes for 2016

…wrestle with their own waves of reform: UCITS V, AIFMD, EuVECA, EuSEF and, of course MiFID II and PRIIPS – all of which are on the 2016 work plans. PRIIPs…

Ticket to ride – part two: new ventures under EuVECA

…of both regulations in 2017, looking particularly at the impact of this regulation compared to the effects of the generic regulation on collective investment undertakings (UCITS) and the inclusivity, efficiency…

The aftermath of summer 2014 … onwards and upwards?

…SSM, SRM, FICOD, UCITS, investor protection, remuneration, accountability, clawbacks, pensions and more. To contextualise this, we can break the consultations down by regulatory area. A total of 1,051 pages are…

6 key questions on costs and funds under MiFID II

…to be presented as an overview, with the possibility of a request for an itemised breakdown. MiFID II requirements do not currently apply to UCITS funds, as greater cost disclosure…

Brexit: The City’s EU conundrum

…as to insist that business providers must be based within the EU in order to carry out certain activities. This includes UCITS, while MiFID II also stipulates that retail investors…

Plumbing the reporting infrastructure

…uncoordinated requirements. Firms often end up reporting the same information multiple times, in multiple formats, to multiple regulators – such as with different transaction cost disclosures under UCITS, MiFID II…

ESMA reveals supervisory plans for 2016 – part 2

…plans to: Conduct thematic studies on home and host responsibilities under UCITS and AIFMD. The aim of this is to clarify the respective responsibilities of NCAs and to enable a…

Product governance under MiFID II: working out the kinks

…market from either perspective. In relation to asset managers, “manufacturers” of UCITS and AIFs that fall outside the scope of MiFID II, it is proposed that ESMA mitigates any clashes…

Connecting the dots: MAD/R interdependencies

…for funds, with particular reference to UCITS IV & V/EuVECA/EuSEF/AiFMD/MiFID II, at the next meeting on 22 September. If you are interested in attending, please email CDMG@jwg-it.eu for more information….

5 key questions on the EU’s money market fund reform

…Undertakings for Collective Investment in Transferable Securities (UCITS) or Alternative Investment Fund Managers Directive (AIFMD), needs to obtain a separate permit to offer a MMF. This is granted by the…

2015: time for your new operating model?

…risk measures and independent valuations. Examples such as CRD IV, AIFMD, UCITS, Solvency II, EMIR and IFRS are requiring firms to collect and report valuations across a range of asset…

SFTs: out of the shadows and into the light

…months before they must fulfil their reporting obligations. CCPs and CSDs have a 15-month phase-in period, while an 18-month phase-in will be in place for insurance and re-insurance undertakings, UCITS,…

EULIBOR: EU unveils benchmark intervention powers

…“contributor”, “supervised contributor” and “supervised entities”. The latter would include banks, investment firms, insurance and reinsurance undertakings, UCITS, AIFMs, CCPs, trade repositories and a benchmark administrator (Article 3 IBR). Annex…

10 new hot EBA releases this quarter

…European Commission as mandated by the CRD. Our latest article on remuneration provides some EU guidance covering CRD IV, AIFMD, UCITS and MiFID II. Keep up to date with our…

Part 1: HFT coders – ready for judgement?

…asset managers and other MiFID investment firms, hedge funds under the AIFMD and fund managers under UCITS. FEMR also hinted that HM Treasury and the FCA may want to consider…

Latest
EMIR: Reporting Unplugged

January 26, 2024 - In: Article

Getting green data right in 2024

January 16, 2024 - In: Analysis

Accountability for GenAI

January 8, 2024 - In: Article

Ready for RegTech 2024 – 7 Feb in London!

January 5, 2024 - In: Article

Just in time for Xmas – SHC is out!

December 12, 2023 - In: Article

UK RegRadar Update – 7 Feb 24

December 6, 2023 - In: Analysis

JWG tops 12 awards since 2022 with 4 more

October 17, 2023 - In: Press Release