The European Commission has said the financial industry - as opposed to regulatory bodies – is better placed to reach an agreement over which counterparty develops the Unique Trade Identifiers (UTI), the alphanumerical code designed to enable trad
The extension of the pan-EU passport to non-EU managers as envisioned under the Alternative Investment Fund Managers Directive (AIFMD) is contingent on third countries meeting equivalence standards laid out by the EU and the effectiveness of the n
A number of depositaries may not be pricing the costs of strict liability into client fees with many under-charging because they are discharging the liability to their prime brokers acting as sub-custodians.
There is still uncertainty about the scope and nature of the reporting requirements likely to be expected under the recently proposed Securities Financing Transaction Regulation in the European Union (EU).
Almost three quarters of UK investment firms have taken little or no action to revise the way in which they purchase research using dealing commissions despite the recent clampdown by the Financial Conduct Autho
Requirements under the Markets in Financial Instruments Directive II (MiFID II) stipulating fund managers must pay for research through their management fee as opposed to equity commissions will adversely impact smaller firms.
The European Securities and Markets Authority (ESMA) is likely to force prime brokers to segregate AIF assets from non-AIF assets in what could have significant implications for the prime brokerage operating model.
Fund managers impacted by the Alternative Investment Fund Managers Directive (AIFMD) should begin collecting static data from their counterparties to start populating the Annex IV report so as to avoid a mad rush when the deadline approaches.