ESMA’s incoming sustainability fund standards could lead to breaches on 1,600 funds
Only 56% of funds with ‘sustainable’ in their names would be able to keep the term, said Morningstar Sustainalytics
ESMA
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EU lawmakers plan to block Priips reforms over legal concerns
European Commission clashes with Esma over forward-looking performance assessments
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Andy Bell says coronavirus makes 10% rule like flagging a leaking shower on the Titanic
Financial Conduct Authority relaxes the Mifid II measure until 1 October
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European watchdogs set to tighten screw on Ucits liquidity
FCA was criticised for its response to liquidity problems in light of Woodford
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Esma liquidity rules will allow funds to fully grasp gating risk
Rules are bigger challenge for Ucits and money market funds than alternatives
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Fund firms face checking liquidity four times a year, Esma decides
Firms concerned about costs while calls to exclude ETFs and some closed funds rejected
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FCA criticises European regulator’s revised Brexit share dealing proposals
Disruption and liquidity issues would still be present in event of a no-deal Brexit
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AIC hits out at Kid reforms under Priips regulation
European Supervisory Authorities’ timeline is too ambitious
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Esma expects more asset manager moves before Brexit
UK-based asset managers may have to shift operations to the EU 27 if a transition deal is not agreed, and Esma is pushing hard to ensure regulatory convergence across the bloc regarding moves.
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Firms given a six month reprieve on key Mifid II rule
The Financial Conduct Authority has backed a move by the European regulator to give firms a six-month reprieve if they fail to secure a key Mifid II requirement from clients.
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PA ANALYSIS: Fund fees wipe out ‘20% of gross returns’
The European Securities and Markets Authority (Esma) is turning up the heat on asset managers, highlighting the impact of fund charges on returns in a fresh report. Fund fees wipe out an average 20% of gross returns, according to the regulator
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Two-thirds of analysts out of a job post-Mifid II
Research unbundling could lead to widespread job losses for analysts in a post-Mifid world according to research by Capital Access Group (CAG).