By Henry Price, CEO of Red Deer In this article Henry Price responds to FCA Chief Executive Andrew Bailey’s keynote speech on MiFID II at the European Independent Research providers association today. Ongoing client issues: Where investment managers have implemented legacy or non-compliant systems, or attempted to solve a problem manually, there is now a significant push […] Read more »
Current UK Legal and Regulatory Issues for US Fund Managers
From Claire Cummings, of Cummings Law Introduction The two major topics for US managers wishing to manage or market funds in the UK from a legal and regulatory perspective are currently MiFID II and the AIFMD. Although the rules of both Directives generally apply to EU managers based in the EU, they are likely […] Read more »
FCA Asset Management Market Study – All-in fees, cost disclosures, and service quality
By Nathalie Neumayer and Paul Carrigg of KB Associates Introduction In November 2015, the Financial Conduct Authority (“FCA”) launched its asset management market study. In November 2016, the FCA published an interim report which provided industry participants with an opportunity to comment on proposals which it made. On 28 June 2017, the FCA published […] Read more »
MiFID II is a regulatory barrier to innovation says Linedata
By Patricia Regnault, Europe head of asset management at Linedata Linedata responds to interim findings in the FCA’s Asset Management Market Study around barriers to entry, innovation and technological advances, ahead of next week’s (20 February) deadline for feedback: Increases in the overall burden of regulation presents an ongoing barrier for those asset management […] Read more »