Assets invested in UCITS funds hit a record high in June of this year, pushing past the €10 trillion mark across more than 90 countries. Despite their continued growth, UCITS have faced several regulatory headwinds including scrutiny on liquidity issues, … Continue reading ESMA Performance Fee Review: Recalibration of UCITS’ Well-Oiled Machine
ESMA’s Shareholder Rights Directive II (SRD II) may be the most impactful regulatory change you haven’t yet heard about this year. Don’t call it The King, but when SRD II goes live in 2020, it will impact holdings in more … Continue reading Elvis Has Left the Building: The Rock and Roll of the Shareholder Rights Directive II
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. Continue reading ESMA Tightens the Reigns on UCITS Efficient Portfolio Management Oversight
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. Continue reading Clarification on ESMA’s Asset Manager Delegation Rules as Clear as Mud
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. Continue reading Decisions Remain for EU Money Market Funds Regulation
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. Continue reading European Regulator Chimes in on Fees