RegTech Insight Regulations The latest content from across the platform
A Quiet Revolution: Changing Attitudes to Oversight and Contingent NAV Capabilities
The legal and regulatory landscape for the asset management industry has transformed over the past decade – with major upgrades such as AIFMD, FATCA, CRS and BEPs, in addition to a myriad of local compliance requirements. As the reporting demands of both investors and regulators grow, so too does the need for specialist knowledge, processes…
Market Abuse Crackdown: Could your Solution Stand Up to Scrutiny?
Other regulations may have taken the spotlight in the three years since the EU’s Market Abuse Regulation (MAR) came into force in July 2016, but its overarching goal of harmonised capital market transparency remains a key regulatory focus – and it would be a mistake to think that the authorities have taken their eye off…
Trade Associations Demand Reporting Changes Ahead of MiFID II Review
The European Forum of Securities Associations (EFSA), in conjunction with members from Spain, France, Italy, Belgium, Germany, Denmark, Poland, and Sweden, this week released an open letter calling for a number of changes to be considered as priorities in any upcoming review of MiFID II by the EU authorities. “There are some areas… which need…
RMA Issues SFTR Reporting Contract Template
Following the January release of the final SFTR report by ESMA, the US-based Risk Management Association has issued a new standard legal agreement to address mandatory reporting obligations for SFTR, ahead of its initial go-live date of April 11. The template follows in the footsteps of the Master Regulatory Reporting Framework launched by the International…
SteelEye Partners with TeleMessage to Solve the Mobile Communications Conundrum
Recent regulations, including MiFID II, have introduced highly prescriptive rules about the recording, storage and access requirements of voice and electronic communications relating to financial dealings. With all relevant telephone conversations and electronic communications now required to be recorded – including those which take place on mobile phones – surveillance technology is not only a…
No Grace Period For Reg BI Compliance
For US-regulated firms affected by the upcoming Regulation Best Interest (Reg BI) and concurrent Customer Relationship Summary (Form CRS), due to come into force on June 30, 2020, the pressure is on to comply – and it is looking as if the regulator has no plans to go easy on its targets. The 2020 Examination…
ESMA Announces Last-Minute SFTR LEI Repreive
This week ESMA released the long-awaited final guidelines for the upcoming SFTR regulation, due to come into force for most firms in April. Included in the final draft is a grace period of 12 months for the reporting of LEI codes – a reprieve that has been met with a collective sigh of relief from…
Simplifying Compliance Tracking with User Behaviour Analytics
By James Wooster, COO, Glue42. Spending IT budget on compliance solutions is never satisfying. While the impact of fines is easy to measure, the uncertainty of the risk means that other business cases always look more attractive. The scope of MiFID II and CAT compliance has placed additional burdens on financial institutions as both require…
The Rocky Road to SFTR
It’s 2020, and SFTR implementation day is just a few short months away. But the path has not been smooth – and concerns abound over the timing, with limited information yet available from the regulator and industry-wide testing barely underway. The regulation will create a major new reporting burden for firms, along with the need…
ESMA Announces MiFID Scheduled Publication Dates for 2020
The European Securities and Markets Authority (ESMA) has published its 2020 calendar of MiFID II/MiFIR relevant publications for the transparency regime and systematic internalisers’ tests, to assist market participants planning for the next 12 months. The calendar covers non-daily publications (excluding daily reference data and transparency calculations for recently-listed instruments). Double volume cap data will…