On The Regs: Q1 Update

We highlight what to expect this quarter and recap Q4 2017’s key regulatory developments.

Q1 2018 – Four Things We’re Watching Right Now:

  1. Brexit negotiations will enter Phase 2. Will they provide more clarity to asset managers and beyond?
  2. Two of the biggest financials regulations of the decade, MIFID 2 and PRIIPs, are here. How will these significant regulations impact asset managers in early 2018?
  3. A new dawn for data privacy and protection arrives in May 2018 with the implementation of GDPR.
  4. We expect 2018 to be a year of action for the US Securities and Exchange Commission and other regulatory bodies. Stay tuned…

Q4 2017 – Four Key Developments to Be Aware Of:

  1. Q4 2017 saw a myriad of MiFID 2 announcements, statements, and press releases clarifying MiFID 2 ahead of the January implementation date. Then, the SEC and ESMA provided coordinated and welcome relief on research unbundling.
  2. The UK and EU made “sufficient progress” on three previously deadlocked issues: the free movement of citizens, a financial settlement to fulfill the UK’s existing commitments to the EU, and the Northern Ireland border.
  3. In November, ESMA published an important update on the EMIR variation margin rules for foreign exchange contracts, allowing national regulators to exercise discretion in implementing the margin requirements.
  4. In the US, the SEC weighed in on the DoL Fiduciary Rule’s implementation and amended the reporting modernization rules.

Top On The Regs Posts from Q4 2017:

  • 2017: A Regulatory Reflection | Read more
  • An SEC Move on ETF Rules? Not If, But When | Read more
  • 5 Questions on Regulating ESG & Socially Responsible Investing | Read more

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