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SEC No-Action Lapse Poses Threat to Investment Research Flows, Survey Finds
Last month’s SEC decision to allow its MiFID II research no-action letter to lapse could damage relationships between European/global asset managers and US brokers, potentially disrupting the investment research market, according to a report by Substantive Research, which operates a research analysis and delivery platform. The SEC’s no-action letter – now set to expire in…
Compliance.ai Plans Market Growth and Expansion on Back of $6 Million Funding Round
Compliance.ai, a provider of regulatory change management solutions, has secured $6 million of funding, which it will use to promote market growth and expansion. At the same time, the company has brought in a new CEO, Asif Alam, who will replace Kayvan Alikhani, who will continue innovating Compliance.ai products as co-founder and chief product/strategy officer….
ION Releases Compliance SaaS to Target Tier 2 / 3 Buy Sides
ION Markets is targeting Tier 2 and Tier 3 asset management firms with its new Compliance SaaS solution, which helps firms comply with regulations globally as well as internal policies governing their investment activities on behalf of clients. The new platform uses Web technologies to offer SaaS and HTML 5 delivery of the former Sentinel…
Recorded Webinar: A practical guide to dual UK and EU regulatory reporting as the Temporary Permission Regime comes to a close
The Temporary Permission Regime (TPR) allowing capital markets participants in the European Economic Area (EEA) to continue to operate in the UK post Brexit will be withdrawn by the end of 2023, calling on firms that want to stay in the UK to gain full authorisation from the FCA and prepare to comply with both…
The Long and Winding Regulatory Road to MiCA
By Javier Hernani, Head Securities Services, SIX. As we witness a collapse in cryptocurrencies, it is clear nowhere is regulation needed more than in the burgeoning crypto-asset marketplace. Especially in the digital asset class with the largest market capitalisation (estimated to be in the region of $2.3 trillion) – cryptocurrencies. Dominated by the likes of…
Novatus Gets £4 Million Investment from Maven Capital Partners
Novatus Advisory, whose RegTech division provides tools for regulatory reporting, has received a £4 million investment from Maven Capital Partners, a venture capital company. The company plans to use the funds to expand its team of technical advisors and boost its sales and marketing resources. London-based Novatus provides specialised advice to financial services firms to…
Russia Sanctions Pose Challenges for Regulated Entities
By Martin Cheek, Managing Director, SmartSearch As fears of renewed Russian offensives put Vladimir Putin’s invasion of Ukraine back on the news agenda, the sanctions against Putin and Russia which followed the war have never gone away. Before the invasion, Russia was already subject to about 2,700 sanctions. Within two weeks of the attack, that…
Natural Language Processing, the Shift from Surveilling Traders to Supporting Them
By Oliver Rooney, VoxSmart. Natural Language Processing (NLP), although not a new concept, is increasingly being discussed within Financial Markets. Despite its tenure in everyday services such as chat boxes, Alexa and Hey Google amongst others, the way in which it is being utilised in financial markets is changing for the better with firms set…
How Can Firms Prepare for the CFTC Rewrite?
By Leo Labeis, CEO, REGnosys. The Commodity Futures Trading Commission’s (CFTC) rewrite of swaps reporting rules – known as the ‘CFTC Rewrite’ – is one of several upcoming changes to global trade reporting regimes. Earlier this year, it extended the deadline for financial institutions to comply from May 25, 2022, to December 5, 2022. The…
Leveraging NLP for Regulatory Compliance
Natural language processing (NLP) is being used to accelerate every step of the compliance journey, from identifying relevant regulatory updates to understanding their content to mapping the changes onto internal infrastructure, according to panellists on a recent A-Team Group webinar, ‘Leveraging NLP for regulatory compliance’. Key takeaways included: Many firms have yet to recognise the…