ESMA recently published its findings after inspecting UCITS Efficient Portfolio Management and the report is likely to trigger higher standards of oversight and governance of UCITS EPM programs. Here’s what asset managers need to know.
Last week, the EU Council’s legal service attempted to add clarity to ESMA’s delegation opinions but the most recent utterances have had the opposite effect thus adding to asset managers’ Brexit anxieties.
While revising the EU’s Money Market Funds Regulation has taken the better part of a decade, July’s implementation deadline is coming into sight. However, one critically important policy issue remains unresolved. Now, both policymakers and asset managers have key decisions to conclude.
The European Securities and Markets Authority (ESMA) is following the lead of the Financial Conduct Authority (FCA) in the UK by looking at fund competitiveness and joining the industry’s active versus passive funds debate.
The European Commission recently proposed substantial changes to the cross-border finance supervisory model. Here’s what UCITS and AIFMD managers need to know.