Regulation ESMA issues sector-specific principles on relocations from the UK to the EU27
The European Securities and Markets Authority (ESMA) has published three Opinions setting out sector-specific principles in the areas of investment firms, investment management and secondary markets, aimed at fostering consistency in authorisation, supervision and (...)
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Regulation Survey of European Insurers Reveals Remaining Challenges to Solvency II Compliance
A significant reliance on third parties for data, sophisticated risk modelling requirements and obtaining sufficiently detailed fund data were among the challenges identified by European insurers in order for them to meet Solvency II requirements, according to new research (...)
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Regulation ESMA agrees to prohibit binary options and restrict CFDs to protect retail investors
The European Securities and Markets Authority (ESMA) has agreed on measures on the provision of contracts for differences (CFDs) and binary options to retail investors in the European Union (EU).
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Regulation Volatility spikes underline fragilities and risks to EU securities markets and investors
European Union (EU) securities markets, infrastructures and investors face new risks in the form of high volatility, the European Securities and Markets Authority (ESMA) said today in its latest Trends, Risks, and Vulnerabilities (TRV) Report (No 2, 2018). ESMA also (...)
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Regulation ESMA consults on future rules for financial benchmarks
The European Securities and Markets Authority (ESMA) has today published a consultation paper regarding its draft regulatory and implementing technical standards (RTS/ITS) which will implement the Benchmarks Regulation (...)
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Regulation ESMA consults on UCITS remuneration guidelines
The European Securities and Markets Authority (ESMA) has launched a consultation on proposed Guidelines on sound remuneration policies under the UCITS V Directive and AIFMD. The Directive includes rules that UCITS must comply with when establishing and applying a (...)
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Regulation Financial transactions taxation is applicable to France
According to the firm 99 Partners Advisory, it is possible, from now, to put in place a tax on financial transactions,
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Regulation EDHEC-Risk Institute warns European Parliament on opacity in index regulation proposal
In an open letter addressed to the Chair of the European Parliament ECON committee, Roberto Gualtieri on February 20, 2015, EDHEC-Risk Institute has expressed its concern about the new draft text which is being proposed for a vote by the committee on March 9, which plans to (...)
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Regulation Reconciling bank processing and prudential regulation
The introduction of new liquidity ratios could undermine banking core business
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Regulation Short-selling bans unlikely to prevent share price slides
New evidence from 30 countries shows short-selling restrictions fail to support stock prices and reduce market liquidity, study suggests
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Regulation EDHEC-Risk Institute draws the French Government’s attention to the inadvisability of imposing a Tobin tax in France
In an open letter dated January 10, 2012 addressed to the French Prime Minister, EDHEC-Risk Institute has underlined the difficulties and risks associated with implementing a tax on financial transactions in France…
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Regulation Contractual OPCVM: a flexible and secure tool at the disposal of French asset managers
The french contractual OPCVM, in its configuration post october 2008 application decree, is a tool with features of interest for management companies, investors and service providers.
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Regulation ESMA finds room for improvement in national supervision of investment advice to retail clients
The European Securities and Markets Authority (ESMA) has today published a peer review on how national regulators assess compliance with MiFID’s suitability requirements when firms provide investment advice to retail (...)
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Regulation ESMA proposes updates to endorsement guidelines for 3rd country credit ratings
The European Securities and Markets Authority (ESMA) has published a consultation paper (CP) on updating its Guidelines on the application of the endorsement regime under the CRA (Credit Rating Agencies) Regulation.
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Regulation Amundi Alternative Investments obtains AIFM authorisation
Amundi Alternative Investments SAS (Amundi AI), a wholly-owned subsidiary of Amundi, has obtained AIFM authorisation from the French securities regulator (Autorité des Marchés Financiers) for all of its investment solutions. The AIFM directive, transposed by the EU member (...)
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