The European Securities and Markets Authority (ESMA), the EU securities regulator, today publishes its third annual statistical report on the cost and performance of European Union (EU) retail investment products. In the report ESMA finds that the costs of investing in key financial products, such as UCITS funds, retail alternative funds, and structured investment products […]
ESMA annual statistical report on performance and costs of retail investment products in the EU – 2021
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Financial Stability Board publishes Peer Review of UK remuneration regime
The report highlights how the UK closely follows the FSB Principles and Standards (P&S) for Sound Compensation Practices, as well as the effectiveness of how the FCA works and shares information with the PRA. The UK is the first FSB member to be assessed by peers on the effectiveness of its remuneration reforms in the […]
Webinar on ESMA and EIOPA’s ASRs on cost and performance
ESMA and EIOPA have published their third reports on the cost and past performance of retail investment products, insurance-based investments products and personal pension products. A joint ESMA-EIOPA event to share the findings of both reports will take place on 21 April 2021. During this webinar you will see a presentation of the reports, which will […]
ESMA response to ESRB letter on procyclicality of credit ratings
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ESMA updates its LEI Statement
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published today an updated statement on the implementation of LEI requirements for third-country issuers under the SFTR reporting regime. The updated LEI statement maintains ESMA position as described on 6 January 2020 and provides an extended timeline for the reporting of LEIs […]
Updated LEI statement SFTR
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Post-Brexit changes for some consumer credit firms from 1 June 2021
We are reminding firms about changes certain consumer credit firms will have to make to pre-contract consumer credit information forms. These changes will need to be made from 1 June 2021. If they are not made, the credit agreement may only be enforceable against the debtor on an order of the court under the Consumer Credit […]
ESMA PUBLISHES INTERIM TEMPLATES FOR STS SYNTHETIC SECURITISATION NOTIFICATIONS
The European Securities and Markets Authority (ESMA), the EU’s securities and markets regulator, has published the interim simple, transparent and standardised (STS) notification templates for synthetic securitisations following amendments to the Securitisation Regulation (SECR). The interim templates allow originators to notify ESMA of synthetic securitisations that meet the STS criteria. The amended SECR was published […]
SEC Awards Approximately $2.5 Million to Whistleblower
The Securities and Exchange Commission today announced an award of approximately $2.5 million to a whistleblower whose information and ongoing assistance to the staff significantly contributed to the success of an SEC enforcement action. “The whistleblower in this matter provided key evidence that supported charges related to a breach of fiduciary duties owed to investors,” […]