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Providing clarity on MiFID II, one guidance note at a time (part 1: systematic internalisers)
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08 Nov
2016

Providing clarity on MiFID II, one guidance note at a time (part 1: systematic internalisers)

  • 8th November 2016
  • Bora Nanaj

With the MiFID II/R implementation deadline less than 420 days away, financial institutions are trying to find the smartest ways to comply with this new regulation.  JWG can make this process much easier through the collaborative effort of our MiFID II Implementation Group (MIG). About MIG The MIG is a JWG-facilitated weekly meeting of industry Read More

21 Oct
2016

Did ESMA address the industry’s key issues in their MiFID II guidelines for transaction reporting?

  • 21st October 2016
  • Kara Paslawska

In December 2015, ESMA published a consultation paper on transaction reporting, order record keeping and clock synchronisation.  Shortly after, we summarised the 10 key issues from the MiFID II guidelines for transaction reporting.  Now, having considered the issues raised in the responses to the consultation paper, ESMA has published its guidelines. Considering the key topics Read More

11 Oct
2016

FCA third MiFID II consultation paper aimed at investor protection

  • 11th October 2016
  • Bora Nanaj

The Financial Conduct Authority (FCA) published its third consultation paper (CP3) with regards to the implementation of the revised Markets in Financial Instruments Directive (MiFID II) on 29 September 2016. MiFID II, which comes into effect on 3 January 2018, is aimed at making markets more efficient, transparent and responsible.  Strengthening consumer protection is one Read More

28 Sep
2016

Key regulatory themes for 2016

So far 2016 has been one of the most contentious years since the G20 agreed the regulatory reform agenda seven years ago. With ever-rising costs, increasingly more severe penalties, and continued issues with data quality, it would be easy to claim the plans conceived in the wake of the crisis are not going to get Read More

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 Read More

28 Jul
2016

RegBeacon Published

  • 28th July 2016
  • Daniel Simpson

We are pleased to publish the latest copy of our newsletter, RegBeacon. In this edition we look back on a quarter that saw us host a successful conference on RegTech and we consider where this leaves the industry and what the next steps need to be. This quarter, despite the most serious political event the Read More

28 Jul
2016

6 key areas of overlap between PRIIPs and MiFID II – part 1

  • 28th July 2016
  • Aisha Dudhia

On 17 June 2016, the Council of the European Union approved a one-year delay to the MiFID II transposition and implementation dates.  Under the new regulation, the deadline for Member States to transpose MiFID II into national legislation is 3 July 2017 and the date of application for MiFID II/R is now set for 3 Read More

01 Jul
2016

A practical application of RegTech – meeting trading obligations

By January 2018, European legislation will have significantly changed the financial services sector. The sheer volume of transactions, products and firms affected by new regulation means that we can say goodbye to the trading landscape we currently know. In particular, new rules under MiFID II will impact how and where market participants execute trades. All Read More

21 Jun
2016

The RegTech domains

In our response to the FCA’s call for input on RegTech, we recommended framing the thinking via the RegTech domains to help enable the prioritisation of new technological solutions in the context of external regulatory circumstances. As we have stressed before, RegTech is about the application of technology to solve a specific regulatory problem, not Read More