Brexit and Custody

14 Oct, 2016

This is the fourth in a series of five thought pieces Thomas Murray wishes to share with clients this summer, the questions for our fields of expertise before the amorphous Brexit project takes shape.

MiFID II - An update on status and impact

MiFID II has come about because MiFID I required a review three years after implementation. A number of consultations resulted in the publication of the final text of MiFID II into the European Journal in June 2014. It consists of two parts; a directive, which leaves room for national level interpretation and a regulation, which does not.

Posted on: 10 Feb, 2015
Posted in: Video Features

AIFMs wrongly assumed they could market to investors not in compliance with MiFID

An alarming number of alternative investment fund managers (AIFMs) had wrongly assumed they could market through the Alternative Investment Fund Managers Directive's (AIFMD) national private placement regimes and passport  to organisations and hig

Posted on: 02 Oct, 2014
Posted in: Regulation

MiFID II may presage a greater revolution in investment research procurement than the new FCA rules

If you are a hedge fund manager, it is always tempting to believe that you are too small to be of interest to regulators.

Or not the intended target of regulation at all. The fact that resources are too short to understand the detail of every regulation tends to encourage this (potentially ostrich-like) approach.

The new rules on the use of equity commissions, published last month by the Financial Conduct Authority (FCA), the United Kingdom regulator, probably fall into this category.

Bill Prew of INDOS Financial continues his monthly blog of AIFMD developments.

Bill Prew of INDOS Financial continues his monthly blog of AIFMD developments.

Posted on: 01 Jul, 2013
Posted in: Regulation

AMF wants MiFID to recognise issues with complex Ucits, say sources

Sources close to the Autorité des marches financiers (AMF), the French regulator, have said they would like to see Brussels recognise in MiFID that some Ucits are complex and cannot be sold on execution only.

Posted on: 29 Oct, 2012

Private placement rules not excuse for complacency, states IMS

Private placement should not be viewed as a “big concession” by regulators, nor should managers become complacent about its implications, The IMS Group has said.

Posted on: 12 Jul, 2012
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