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Floating NAV sinks in: Responses highlight concerns for SEC MMF proposals
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24 Sep
2013

Floating NAV sinks in: Responses highlight concerns for SEC MMF proposals

The Securities and Exchange Commission (SEC) recently proposed to change both the reporting structure for money market funds (MMFs) and the transparency behind the net asset value (NAV) calculation, to make it easier for MMF investors to understand the risk involved in their investments. In particular, this involves new reporting requirements and changes to the Read More

22 Jul
2013

Happy AIFMD-Day: The race to compliance begins

  • 22nd July 2013
  • RegTechFS

Today, 22 July, marks the day that the Alternative Investment Fund Managers Directive (AIFMD), must be transposed into national law.  With the rules now technically in force, UK-based firms have a year to become compliant and apply for authorisation with the FCA. However, this apparently generous deadline disguises the fact that many managers may need Read More

26 Apr
2013

Know your fund: AIFMD technical standards see huge rise in requirements for depositaries

  • 26th April 2013
  • RegTechFS

The EU is heading for a shake-up of its depositary industry.  New requirements under the Alternative Investment Fund Managers Directive (AIFMD) technical standards place more onerous requirements on depositaries that will see them effectively having to manage their clients’ businesses and perform greater levels of due diligence than ever before. Under the new directive, every Read More

07 Dec
2012

Out of the shadows, into the rulebooks?

Shadow banking could soon force infrastructure upgrades and additional business costs– will the industry find ways to ease the pain? As repos, securities and, potentially, CCPs become part of the transparency agenda via new shadow banking regulation, this could result in infrastructure upgrades and increased business costs looking set to be on their way in Read More