We highlight what to expect this quarter and recap Q1 2018’s key regulatory developments.
FinReg’s Q2 Game Changers:
- The countdown is on! Despite the promise of a transitional grace period, firms are racing against the clock to futureproof themselves for a post-Brexit marketplace.
- The book is not closed on mega-regulation MiFID 2. We expect regulators to revisit some aspects that were delayed from the initial implementation.
- GDPR sets a high bar with its aim to enhance and harmonize data protection laws when it takes effect in May.
- Asset managers continue to try and hit a moving target, working toward the latest implementation date for the SEC Liquidity Rule.
What We Learned from Q1:
- A Brexit transition grace period for the UK has been agreed, but much work remains ahead of the break. In February, the European Commission provided a glimpse into potential consequences from the EU/UK breakup.
- PRIIPs implementation has not gone smoothly – but may provide a growing opportunity for US ETF managers.
- US regulators testified that the current cryptocurrency regulatory regime was incomplete and requested a new framework to govern cryptocurrency.
- In March, a US federal appeals court dealt what may ultimately be the knockout blow to the DoL Fiduciary Rule.
Top On The Regs Posts of Q1:
- Wait and Welcome: Regulators commit to Addressing Cryptocurrency | Read more
- How US ETF Managers Should Respond to PRIIPs | Read more
- New Mexican Regulation Presents Opportunity for Global Asset Managers | Read more
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