ESMA
EU body called on to speed progress on AIFMD passport
The limited progress in opening access across the European Union to fund managers outside the region seeking to offer alternative investment funds (AIFs) could be seen as a reluctance to act, according to one specialist lawyer.
EFAMA elects new president to succed Dargnat
The European Fund and Asset Management Association (EFAMA) has unanimously elected a new president to replace Christian Dargnat, who has sat in the role since 2013.
Industry welcomes ‘crucial’ European Capital Markets Union
European financial trade bodies have unanimously welcomed in the European Commission’s green paper on creating a Capital Markets Union, describing it as an opportunity to support the industry’s “sustainable economic growth and long-term financing”.
MiFID II delay raises industry compliance worries
The deadline for submitting the final draft technical standards for MiFID II has been pushed back to September, raising concerns over the time companies will have to adapt to the industry-wide regulation.
ESMA consults on MiFID II
The European Securities and Markets Authority (ESMA) has begun consulting the financial industry on its proposal that adviser standards should be set by individual national authorities under MiFID II.