Is a memorandum of understanding ESMA solution to a no deal Brexit case scenario? This seems to be the case from a recent speech held (please find it here) by Steven Maijoor, Chair of ESMA, when detailing some of the imminent steps to be taken at global European and EU 27 level in order to…
Generally MiFID and namely the MiFID II unbundling rules aim at avoiding or mitigating conflict of interests between investment managers and their clients. Whilst in the recast MiFID directive there is no outright ban for all sorts of inducements – and some minor are permitted – there are more stringent rules, for instance, surrounding how…
This Article on MiFID II Product Governance Rules Was Initially Published by The Hedge Fund Journal and Is Reproduced Here under Their Permission. The newly introduced MiFID II product governance requirements aim at ensuring that product manufacturers of financial instruments and structured deposits, as well as distributors, have at all times the best interest of the investors…
In this brief interview on Tip TV/Linear Talk we discuss some of the implications of Brexit on the fund management industry, with a focus on EU equivalence assessment of third countries under both AIFMD and MiFID II. Even though the notification under article 50 of the Lisbon Treaty has been kicked in, it is…