Funds-Axis provides solutions to upcoming UK Consumer Duty Regime Last month, we reported on the release of EMT version 4.1 in relation to the upcoming UK Consumer Duty regime, which is ushered in by the UK Financial Conduct Authority (FCA). We at Funds-Axis, your trusted regulatory technology software company, are now thrilled to announce that…
Stay ahead of regulatory changes with Funds-Axis Limited’s EMT solution, now updated to comply with the upcoming UK consumer duty regime. Learn how our expertise in investment compliance and regulatory technology can help you navigate this change and avoid non-compliance. Contact us today to find out more.
On 21 December 2021, the Irish Takeover Panel released a public consultation paper seeking comments on proposed amendments to the Irish Takeover Panel Act 1997, Takeover Rules 2013 and the Substantial Acquisition Rules 2007. Submissions closed on 28 February 2022.
On 23rd June 2022, the Securities and Exchange Commission (SEC) adopted amendments to modernize Form 13F and enhance the information provided. The amendments are intended to promote efficiency, transparency, and operational resiliency by modernizing how information is filed or submitted to the Commission and disclosed to the public.
The European Commission has adopted a decision declaring that a number of United States exchanges supervised by the US Securities Exchange Commission (SEC) are equivalent to EU regulated markets. As a result, derivatives traded on these US exchanges will now be treated as exchange-traded derivatives under EU law.
Last month the CSSF announced the launch of the eRIIS, its new online portal for those subject to major shareholder notifications under Articles 11(2) and 18(2) of the Transparency Law. The eRIIS is already live and can be used for filings and replaces the current CSSF filing process via email for the major shareholding disclosures. With this in mind, we thought we would highlight some of the key questions regarding the new reporting portal:
In July 2021, the FCA consulted (in CP21/23) on proposals to address the most serious and persistent concerns regarding the onshored PRIIPs regulation.
The FCA have published a letter outlining the key risks that custody and fund services firms need to manage in order to protect investors and the integrity of the markets in which they operate. In the letter, the FCA outline the necessary action they expect firms to take to ensure that risks are appropriately mitigated.
On 25th February 2022, the Securities and Exchange Commission (SEC) announced proposals that would provide greater transparency to investors and regulators by increasing the public availability of short sale related data.
SEC Propose Amendments to Schedule 13D & G Reporting On the 10th February 2022, the Securities and Exchange Commission (SEC) announced proposals amending the rules governing beneficial ownership reporting under Exchange Act Sections 13(d) and 13(g). The proposed amendments to Regulation 13D-G would: Accelerate the filing deadlines for Schedules 13D and 13G beneficial ownership reports;…
