FCA acknowledges costs of MiFID II will be ‘significant’
Recognition of cost burden by FCA means firms can start to
plan projects.
Regulation
FCA moots MiFID reporting exemption for some funds
The FCA's most recent MiFID paper exempts certain funds, such as UCITS and alternatives, from reporting obligations.
Tougher sanctions on the way for traders say panel
New sanctions will facilitate regulators in holding
individuals to account
FIX announces upgrades to protocol in MiFID II move
FIX makes changes to adapt to new timestamp rules in MiFID II.
ESMA clearing confirmation gives asset managers a year to prepare
The technical
standards for OTC interest rate swaps clearing have been included in the
Official Journal, giving the buy-side a year to prepare for the new rules.
BME launches interest rates clearing service
BME Clearing launches OTC clearing
facility for interest rate swaps
Rethink bond exit plans, warns MAS
Traders of Asian fixed income assets should re-evaluate liquidity contingency plans due to the changing profile of those investing in Asian bond markets, according to a new report.
EU set to delay MiFID II by a full year
Commission expected to confirm all aspects of MiFID will be delayed until 2018.
SEC outlines tougher regime for dark pools
US regulator proposes new rules to increase dark pool transparency and protect investors.
FCA launches study of asset management industry
FCA plans year-long study into asset managers, looking at competitiveness and achieving value for money for clients.