With all signs indicating that the revised PRIIPs rules will be approved by Parliament, asset managers can emerge from their holding pattern and implement their PRIIPs solutions.
The FCA’s recently published discussion paper on open-ended funds with illiquid assets suggests a radical change that could alter the way funds are structured.
While there are those who will lament the loss of duration hedging, ESMA’s recently published opinion levels the playing field for UCITS share classes across the EU.
It’s easy to see why master feeder funds have emerged as potential solution for Brexit. The big question is: will it work?
ESMA’s proposal for full account segregation doesn’t necessarily fix the problem of timely investor restitution and could have broader implications for the asset management industry.