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Recent Posts

Mikkel Bates


Recent Posts

Will PS18/8 see the end of the “ACD beauty pageant?”

By Mikkel Bates

With a recent article in the Financial Times (paywall), the debate around the management of the Woodford Equity Income Fund has broadened out to include the actions of the Authorised Corporate Director (ACD), a role very few outside the industry know anything about, but one that is very important nonetheless.

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Are you up to date with the FCA’s PS19/4?

By Mikkel Bates

The FCA published Policy Statement PS19/4 in February with further remedies for UK Authorised Fund Managers (AFMs) as a follow-up to its Asset Management Market Study (AMMS).

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PRIIPs and MiFID II Regulatory Calendar

By Mikkel Bates

PRIIPs – Live date 1 January 2018

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Concern over non-complex products under MiFID II

By Mikkel Bates

On 6 June, the European Securities and Markets Authority (ESMA) published its MiFID II and MiFIR Q&As, covering a wide range of topics on the subject of investor protection. 

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FE Highlights the Client Reporting Challenges Facing Advisers Under MiFID II

By Mikkel Bates

FE have released a white paper today  (15 May) which highlights the challenges facing adviser firms in meeting client reporting requirements under the Markets in Financial Instruments Directive, (MiFID II) - which is to come into effect in January 2018.

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Commission announces 12-month delay to PRIIPs

By Mikkel Bates

At least one prediction has been right today, as the European Commission’s Vice President Valdis Dombrovskis confirmed it has recommended a delay of 12 months to December 2017 for PRIIPs KIDs at its meeting on 9 November.  This means that PRIIPs will go live at the same time as MiFID II, which was itself delayed by a year.

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So the PRIIPs RTS have been rejected, but no delay on Level 1 (yet)

By Mikkel Bates

On 14 September the European Parliament, as expected, followed the lead of its Economic and Monetary Affairs Committee (Econ) by voting 602 to 4 to reject the Level 2 rules as set out in the Regulatory Technical Standards (RTS) proposed by the Commission.

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