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 about to turn the corner and enter 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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Updated ESAs’ Q&As on PRIIPs KIDs

By Mikkel Bates Regulations

It took just over six weeks for the European Supervisory Authorities (ESAs) to add 14 new questions to the 72 they answered in early July and they’ve supplemented this version with detailed flow charts of the decision process for the risk and reward calculations.  With around four months to go, we expect the pace of updates either to speed up because answers are needed urgently or to dry up completely if everyone is confident they have everything they need.  Does anyone believe there are no outstanding questions?

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EFAMA endorses European MiFID Template (EMT)

By Mikkel Bates Regulations

With MiFID II kicking off in January 2018, the European Working Group of asset managers and trade bodies has been putting in a huge effort to produce a standard template to deliver their target market and costs & charges data to distributors.

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ESAs’ Joint Technical Advice on PRIIPs with environmental or social objectives (EOS PRIIPs)

By Mikkel Bates Regulations

In February this year, the European Supervisory Authorities (ESAs) issued draft technical advice on EOS PRIIPs, along with a consultation paper (CP) on their proposals. On the back of responses to that CP, they have now submitted their Joint Technical Advice to the European Commission.

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FCA stands firm on non-complex products

By Mikkel Bates Regulations

Further to our blog last month, the FCA has now published its updated policy statement on MiFID II implementation.

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ESAs’ Q&As and European Commission Draft Guidelines on PRIIPs KIDs

By Mikkel Bates Regulations

Earlier this week, the European Supervisory Authorities (ESAs) published their much-anticipated Q&As on various aspects of the PRIIPs KID and the Commission also issued its draft guidelines on PRIIPs.

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Latest MiFID Template issued by European Working Group

By Nick Whatling Regulations

The European Working Group (EWG) met last month and has issued an updated European MiFID Template (EMT), which aims to standardise the data to be provided by fund groups to platforms and advisers to help them deliver their client reports under MiFID II. 

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FE's white paper: Preparing for your client reporting obligations under PRIIPs and MiFID II

By Corporate Regulations

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.  

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Regulatory update: FCA’s policy statement PS17/6 on PRIIPs scope and disclosure rules

By Corporate Regulations

Further to consultation paper CP16/18 last year, the FCA has now issued policy statement PS17/6.

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What do we still need to know about PRIIPs KIDs?

By Mikkel Bates Regulations

The latest version of the PRIIPs Regulatory Technical Standards (RTS) were published last month.  You would think that, with the amount of thought and debate that have gone into PRIIPs since 2014, the RTS would cover every situation and to have a clear rule for each.  But, sadly, that isn’t the case.

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