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A busy December for financial regulation!
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24 Jan
2017

A busy December for financial regulation!

  • 24th January 2017
  • Darshna Pindoriya

Never mind a busy December, all in all, it was a busy year for financial regulation as shown in one of our previous articles, as 384 regulatory documents were captured and uploaded in our trade and transaction RegDelta library. MiFID II Before Christmas, we saw ESMA publish many documents much like in January 2016 with Read More

20 Jan
2017

Getting MiFID II right the first time

  • 20th January 2017
  • Daniel Simpson

Transparency is the cornerstone of MiFID II. Whether it’s pricing, product or process transparency, participants will need to pull back the curtains to make more information public regarding the nature of their operations, products and services. Consequently, investment firms will need to know more about their clients than ever before, with very little margin for Read More

17 Jan
2017

ESMA on commodity derivatives – Taking stock

On 19 December 2016, ESMA published its Q&A paper on the topic of commodity derivatives within MiFID II and MiFIR.  The document focuses on the promotion of supervisory approaches and practices for the application of position limits, position reporting and ancillary activity provisions.  It also provides clarity on the technicalities of the policy and the Read More

12 Jan
2017

RegBeacon shines light on 2017

  • 12th January 2017
  • Daniel Simpson

Seismic decisions around the globe last year will make this year the most uncertain for future plans since the G20 agreed regulatory implementation priorities in 2009. Though the shifting tectonic plates of geopolitics will dominate 2017 headlines, the uncertainty doesn’t matter from an implementation perspective. There is an unprecedented level to change to get on Read More

12 Jan
2017
FCA 4th CP, FCA MiFID II, FCA MiFID Consultation, FCA Tied agents, FCA specialist regimes

The FCA’s 4th MiFID II consultation: an eclectic mix of technical standards

On 16 December 2016, the Financial Conduct Authority (FCA) published their fourth and final consultation paper (CP) on implementing MiFID II regulations into domestic regulation by 3 July 2017, which will be applied to firms from 3 January 2018.  MiFID II aims to bolster competition in the EU’s financial market by creating a single market Read More

22 Dec
2016

Merry Christmas from Team JWG!

  • 22nd December 2016
  • Aoife Quinn

2016 has added tens of thousands of new regulatory pages to the pile, which has kept us, at JWG, very busy boys and girls. Unlike the last decade, however this year has been about unexpected twists and turns in the road: It’s been a year of MiFID II/R panic, implementation delays, regulators waking up to Read More

29 Nov
2016

Providing clarity on MiFID II, one guidance note at a time (part 3: inducements)

  • 29th November 2016
  • Bora Nanaj

In the previous two articles, we delved into the guidance notes on systematic internalisers and research.  The third guidance note produced by JWG centres on inducements. This particular guidance note helps explain the MiFID II obligations of inducements, for example, it speaks of the necessary quality enhancement test and defines acceptable minor non-monetary benefits, just Read More

29 Nov
2016

ARMs: MiFID II’s new player within transaction reporting

  • 29th November 2016
  • Bora Nanaj

In order to comply with the latest regulations, firms must manage their transaction reporting obligations.  A unified transaction reporting regime across the European Union (EU) was first introduced when MiFID I came into force in 2007 with the objective of detecting and investigating potential market abuses.  With MiFID II implementation set for January 2018, transaction Read More

28 Nov
2016

JWG’s trade and transaction reporting RegDelta platform surpasses over 1000 documents!

  • 28th November 2016
  • Darshna Pindoriya

At JWG, through tracking key regulatory bodies including ESMA, FCA, FINRA and CFTC, we have picked up key documents for different legislative initiatives such as Dodd-Frank, EMIR, MiFID I, MiFID II and the Commodity Exchange Act. We have sourced over 1000 documents in relation to trade and transaction reporting. In the past month alone, we Read More