FCA finalises changes to UK PRIIPs regime
In July 2021, the FCA consulted (in CP21/23) on proposals to address the most serious and persistent concerns regarding the onshored PRIIPs regulation.
FCA Custody and Fund Services Supervision Strategy
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.
Regulatory Round-up: January 2022
January started off the new year with several important regulatory developments in the investment funds and asset management industry. The most notable developments include: The proposed amendments to Form PF…
Regulatory Round-up: October 2021
Welcome to the Funds-Axis Regulatory Round Up! This month’s regulatory round-up includes updates from: The FSB on Money Market Fund reform proposals, The Central Bank of Ireland with amendments to the UCITS and AIFMD FAQs, ASIC with guidance on crypto-asset related investment products, The FCA with new rules on the Long-Term Asset Fund (LTAF) regime.
Regulatory Round-up: August 2021
In this month’s round-up, of particular interest, nearly two years after its publication, the EU’s new regulatory framework facilitating the cross-border distribution of collective investment schemes applied from 2nd August. With this we saw several regulators announce the transposition of the new rules.
Regulatory Round-up: July 2021
In this month’s round-up, of particular interest, nearly two years after the implementation of the Assessment of Value requirements, the FCA have finally provided feedback following a review of 18 firms conducted between July 2020 and May 2021…
I KID you not! FCA to ditch performance scenarios from PRIIPs KIDs
Of all the new regulations we have seen over the last few years, few have raised as many concerns, or have been as controversial and polarising as the KID requirements under the regulation for Packaged Retail and Insurance-based Investment Products (PRIIPs).
In an attempt to address many of the concerns raised over the years, the FCA have published a consultation setting out their proposals to change disclosure documents provided to retail investors under the PRIIPs regulation.
Liquidity Mismatch – FCA & BoE put forward suggested possible liquidity framework
In 2019, the Bank of England (BoE) and Financial Conduct Authority (FCA) launched a joint review into vulnerabilities associated with the liquidity mismatch. The review built on the FPC’s 2015 assessment; the FCA’s 2019 Policy Statement on funds investing in inherently illiquid assets; and the work by the FSB and the International Organization of Securities Commissions (IOSCO).
Challenges facing ManCos – more regulations, more regulatory change, and more scrutiny than ever before (Part 1)
The pressure is rising on the ManCo industry – Management Companies (ManCos) are dealing with more regulations, and more regulatory change than ever before. This constant churning of regulatory change, coupled with increased scrutiny from regulators has led to a complex, pressured regulatory environment. However, this increased scrutiny is not the only challenge facing Mancos!
What is ManCoTech?
You’ve heard of FinTech, you’ve heard of RegTech, but have you heard of ManCoTech? It’s the latest “buzzword” in the European investment and compliance community. So what exactly is ManCoTech and why is it gaining such prominence?