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Recent Posts

Mikkel Bates


Recent Posts

An update on European TLAs and UK FLAs for regulatory reporting

By Mikkel Bates

Back in what now feels almost like pre-history, the European Working Group (EWG) came together to provide a standardised reporting template to deliver the data from asset managers to insurance companies for their Solvency II reporting and the Tri-Partite Template (TPT) was born.

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Asset Management Market Study (AMMS) Policy Statement and further Consultation Paper and an Occasional Paper on fund charges disclosure

By Mikkel Bates

The FCA has had a busy time so far in April, with the publication of, among other things, Policy Statement PS18/8 on final AMMS remedies, Consultation Paper CP18/9 on further proposed AMMS remedies and Occasional Paper 32 on the disclosure of fund charges.

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Client communication aspects of recent regulatory updates: What’s next and what we should keep an eye out for later this year

By Mikkel Bates

Just in…

Pre-sale Key Information Documents (KIDs) are now required for all Packaged Retail and Insurance-based Investment Products (PRIIPs) that don’t publish UCITS KIIDs.  Following heavy criticism about misleading performance scenarios, the FCA says firms can now produce “explanatory materials to put the calculation in context”.  Advisers can also “consider how to address this, for example by providing additional explanation as part of their communications with clients” without diminishing or contradicting the content of the KID.

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MiFID II Customer Communication: What happens post Brexit?

By Mikkel Bates

Mikkel Bates, FE regulatory correspondent discusses whether there could be any changes to the MiFID II regulation from a client communication perspective, post Brexit.

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What next for PRIIPs KIDs?

By Mikkel Bates Regulations

The day has now arrived and KIDs are required for sales of all PRIIPs to retail customers. Many of those involved to date may finally be exhaling after holding their breath for the last few months ahead of the deadline over the festive period.
But don’t think it’s all over just yet!

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FE Invest: 2018 Fund Watch List & Asset Class Views

By Mikkel Bates Regulations

  • 2018 Fund Watch list: Woodford Income, Jupiter Absolute Return and Allianz Strategic Bond
  • 2017 takeaway: Don’t follow herd mentality
  • House view on UK equities and corporate bonds more positive heading in to 2018
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Will PRIIPs and MiFID II be the Grinches who steal this year’s Christmas?

By Mikkel Bates Regulations

Now December is upon us, we are counting down to PRIIPs and MiFID II in days, rather than weeks or months.

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Updated PRIIPs Q&As

By Mikkel Bates Regulations

Nine new questions are included in the latest version of the PRIIPs Q&As, published on 20 November, including a new section with a couple of questions on Multi-Option Products (MOPs).

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European Working Group issues guide to completing EMT

By Mikkel Bates Regulations

Having successfully delivered, after lengthy negotiations, the European MiFID Template (EMT) for the fund industry to provide the product data to populate customer reports under MiFID II, the European Working Group (EWG) has issued guidelines to help fund groups with the population of the EMT.

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The impact of MiFID II and PRIIPs changes on UCITS

By Mikkel Bates Regulations

MiFID II and PRIIPs may have been “just around the corner” forever, but we are now in the last quarter before both come into force at the end of the year.  And that three-month deadline may be creating a justified feeling of panic.

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