What FinReg Has in Store for Q2 2019

We highlight what to expect this quarter and recap Q1’s key regulatory developments.

FinReg’s Q2 Game Changers:

  1. By now, Brexit Day should have come and gone as the original vote called for the split to take place on March 29. Now, a number of options still remain on the table – including a possible resolution by April 12 or even another delay.
  2. In the US, we’re monitoring several developments from the SEC including: its position on the Regulation Best Interest rule, proposed changes to its Fund of Funds regime, their ongoing focus on cyber security, as well as implementation of the Liquidity rule and Reporting Modernization.

Key Developments from Q1: 

  • In March, the Central Bank of Ireland confirmed its permission for Irish UCITS and AIFs to invest in Chinese Bonds through the trading program known as Bond Connect. This aligns with the existing UCITS regime in Luxembourg and represents an additional investment opportunity for EU regulated funds who may now trade China mainland bonds through the Hong Kong Stock Exchange.
  • Luxembourg’s financial regulator, the CSSF, took another step to advance AI adoption. They outlined the opportunities, risks, and recommendations for asset managers which could help shape future regulation.
  • In February, following vocal feedback from industry stakeholders, EU regulators published their “final” recommendations on the rules relating to the KID for PRIIPs. But just days later, market participants raised additional concerns. Now, the ball is back in the regulators’ court as the industry waits to see if they address those issues.

Top On The Regs Posts of Q1:

  • Luxembourg’s Financial Regulator Takes Another Step to Advance AI Adoption| Read More
  • Big Brexit Week: The Beginning of the End, or the End of the Beginning?| Read More
  • The Never-Ending Story of OTC Derivatives Regulation| Read More

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