The investment industry across Europe is preparing for the introduction of two major pieces of legislation, PRIIPs and MiFID II, at the start of 2018.
Further to consultation paper CP16/18 last year, the FCA has now issued policy statement PS17/6.
There has been a big churn of talent in the 2017 FE Alpha Managers rebalance with the emergence of 56 new Alpha Managers and a cull of 38 managers that previously held the highly coveted status.
FE’s latest bi-annual Crown Ratings rebalance awarded 300 funds with the highly prized five FE Crowns - with 18 previously unrated funds being awarded the top accolade.
Michael Holland, Managing Director of FE, has today sent an open letter to the chairmen of the three European Supervisory Authorities (ESAs) and to several investment trade publications.
The latest provisional agenda for the European Commission, issued on 24 October, shows that the discussion on a possible delay to the PRIIPs regulation has been brought forward from 22 November to 9 November.
At a panel discussion hosted by the Greens and the European Free Alliance at the European Parliament yesterday (19 October), Ugo Bassi of DG FISMA, the Financial Services directorate of the European Commission, was questioned on the timetable for PRIIPs, as the uncertainty is causing big problems and adding to costs across the industry.
What is the aim of PRIIPs KIDs? Where are we now with the regulation? What are the pros and cons of each scenario?
Having previously ignored all pleas for a delay to the launch of PRIIPs, the European Parliament threw the issue wide open on 14 September when MEPs voted 602-4 to reject the Regulatory Technical Standards (RTS) submitted by the European Commission.