Could ESMA’s ground rules for UK firms relocating to the EU unintentionally disrupt the UCITS ecosystem?
Garrett Berkery warns that asset managers should not underestimate the coordination required to comply with the new reporting requirements for securities financing transactions.
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.