ESMA
ESMA finds strong evidence of ‘closet tracker’ funds
The European Securities and Markets Authority (ESMA) said a study it undertook found that up to 15% of large, actively-managed Ucits equity funds are potentially just tracking the underlying market index.
People Moves | 2 Feb 16
PEOPLE MOVES: Prudential, JP Morgan, Old Mutual Wealth…
We’re now in the second month of the year and corporate musical chairs doesn’t appear to be slowing. In fact, opening International Adviser’s mailbox each morning to a slew of appointments, promotions, and departures is beginning to feel a bit like Groundhog Day.
One year Mifid II delay might not be enough, says Esma chief
Delaying the implementation of Mifid II until January 2018 still might not give enough time for the European Securities and Markets Authority (Esma), national regulators, and market participants to make the necessary IT changes, says Esma chair Steven Maijoor.
Alternatives | 26 Nov 15
Compliance issues make non-EU fund managers avoid EU investors
Some non-EU fund managers are forgoing European investors because of the compliance headaches associated with the Alternative Investment Fund Managers Directive (AIFMD), reports Cerulli Associates.
MiFID II delay ‘probably necessary’
An industry frustrated by the lack of clarity over MiFID II’s detailed requirements would welcome a year-long deferral.