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.
As Brexit negotiations unfold, the burning question on asset managers’ lips continues to be what level of access, if any, will the UK have to the EU single market and its financial passports such as UCITS and Markets in Financial Instruments Directive (MiFID 2)?
ESMA’s recently published Brexit relocation opinions may foreshadow the focus areas of the upcoming UCITS and AIFMD reviews in 2018.
Could ESMA’s ground rules for UK firms relocating to the EU unintentionally disrupt the UCITS ecosystem?