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6 key areas of overlap between PRIIPs and MiFID II – part 2
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17 Aug
2016

6 key areas of overlap between PRIIPs and MiFID II – part 2

  • 17th August 2016
  • Aisha Dudhia

In part 1 of this article, we examined three of the six key areas of overlap between the regulations on PRIIPs and MiFID II/R.  In particular, we provided detail on, and discussed the degree of similarities between, the scope, the disclosure requirements for financial instruments and the obligations to identify a ‘target market’ between both..

15 Mar
2016

10 key issues from the MiFID II guidelines for transaction reporting

The new regime for transaction reporting, being introduced under MiFID II, represents a significant overhaul and expansion of what is currently required by MiFID I.  On 9 March, as part of their two-year programme on MiFID II, City & Financial Global held a highly topical event on transaction reporting under MiFID II. The last City..

16 Dec
2015

10 key questions on the PRIIPs regulation

  • 16th December 2015
  • Aisha Dudhia

With members of the European Parliament Negotiating Team stating, in a letter addressed to Commissioner Hill, that they are “open to considering a wholesale delay of the application of MiFID II – MiFIR”, a delay to the new European market rules is now looking more likely than ever. But there are concerns that this potential..

10 Dec
2015
PRIIPs KID, PRIIPs KID requirements, PRIIPs KID template

Seven requirements for the PRIIPs KID

  • 10th December 2015
  • Aoife Quinn

The Joint Committee of the European Supervisory Authorities has published a consultation paper on 11 November 2015 which sets out the draft regulatory technical standards (RTS) concerning the Key Information Documents (KID) for PRIIPs. After much debate and the publication of a general discussion paper (November 2014) and a technical discussion paper (June 2015), the..

28 Oct
2015

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

  • 28th October 2015
  • Liam Gurnick

JWG analysis. Following the financial crisis, regulators were concerned about the risks of shadow banking, including Money Market Funds (MMFs). The European Parliament is still discussing the regulation which the European Commission issued on 4 September 2013 and it’s likely that a revised draft will be released. This article answers 5 key questions about the..

27 Oct
2015

6 key questions on costs and funds under MiFID II

  • 27th October 2015
  • Aisha Dudhia

JWG analysis. Fees and costs currently present themselves as the top controversial issues within the investment industry. The key challenges on this topic, bearing MiFID II in mind, were discussed by Aisha Dudhia (JWG Group), Steven Charlton (Vanguard Asset Management) and Bart Heenk (Avida International) at Professional Investor’s latest roundtable. This article offers answers to..

22 Oct
2015

5 things you need to know about MiFID II commodity rules

The MiFID framework is venturing into unchartered territory as European legislators aim to place new restrictions on commodity markets.  This element of MiFID II has been one of the most contentious parts of a highly controversial process.  In light of the recent publication of the Regulatory Technical Standards (RTS) by ESMA, we look at five..

16 Sep
2015

Best execution: 10 key changes under MiFID II – part 2

  • 16th September 2015
  • Aisha Dudhia

JWG analysis. One of the key themes of MiFID II  has been to enhance regulation in order to better protect investors within the financial services industry, and regulators continue to propose more and more stringent regulations for financial institutions. Following on from part 1, this article explores five more significant characteristics of best execution under..

09 Sep
2015

Best execution: 10 key changes under MiFID II – part 1

  • 9th September 2015
  • Aisha Dudhia

JWG analysis. Whilst the most eye-catching changes to the MiFID regime tend to have fallen within the market infrastructure bucket, there have also been many small amendments to the investor protection area (consequently representing a significant regulatory reform). Overall, the EU has proposed additional layers of regulation to protect investors, in the hope that this..

04 Sep
2015

10 key takeaways from the latest FCA MiFID II roundtable

  • 4th September 2015
  • Aisha Dudhia

JWG analysis. The minutes of the latest MiFID II implementation roundtable, on 17 July, were published in August.  At the meeting, the FCA spoke with a number of industry trade bodies, including the Association for Financial Markets in Europe (AFME), the International Swaps and Derivatives Association (ISDA) and the International Capital Markets Association (ICMA), to..