MiFID II introduces significant changes to pre- and post-trade transparency requirements for financial markets in the EU. Key changes include expanded product scope, requirements for systematic internalizers and OTC markets, and new disclosure obligations via approved publication arrangements. The document provides an overview of pre-trade and post-trade transparency obligations and exemptions/waivers for liquidity, standard market size, large in scale transactions, and other criteria. Worked examples demonstrate how transparency requirements would apply under different market conditions.
A-Team Group recently held a webinar that we thought you would be interested to hear.
Markets in Financial Instruments II (MiFID II) makes sweeping changes to pre- and post-trade transparency, extending MiFID requirements limited to equities trades on regulated platforms to cover equity-like and non-equity instruments traded on any trading venue. It also requires trade data to be published through approved arrangements and made available on a consolidated tape. Achieving this level of transparency will be a significant challenge for financial institutions that must source and manage large volumes of data to ensure compliance.
Join the webinar to find out about:
- MiFID II transparency
- Data sourcing
- Data management challenges
- Technology solutions
- Expert guidance
MiFID II: Data for transaction reportingLeigh Hill
Markets in Financial Instruments Directive II (MiFID II) is complemented by Markets in Financial Instruments Regulation (MiFIR), which builds out transaction reporting requirements with a number of new reporting obligations. The data and data management challenges of reporting include an increase in instruments that must be reported and the addition of several new fields to transaction reports. The Legal Entity Identifier (LEI) is also mandated for use in reporting.
Join the webinar to find out about:
-Transaction reporting
-Data requirements
-Data management
-Inclusion of the LEI
-Best practice approaches
MiFID II - Data Governance - Closing the Chasmexpertechnix
At the ‘Practical Data Governance – Preparing now for the future‘ event held on 8th June 2016 run jointly by the BCS Data Management Specialist Group and DAMA UK, Ian Chapman presented on ‘MiFID II – Data Governance – closing the chasm’.
This document discusses the new MiFID II regulations for recording client communications that will take effect in January 2017. Key points include:
- MiFID II expands requirements for recording relevant phone calls, emails and meetings between financial firms and clients to demonstrate terms of transactions and detect market abuse.
- It affects a wide range of financial firms and requires records be kept for 5-7 years. Firms must invest in technology that can handle high volumes of recorded communications and mobile recordings.
- There are concerns about significant costs of implementation and lack of clarity around what communications must be recorded. Firms will need to select holistic recording solutions that cover all communication channels by late 2016.
MiFID II - investor protection - Bovill briefing feb 15Bovill
Bovill - the UK financial services regulatory consultancy - runs regular briefings. These are the slides from the February 2015 briefing on MiFID II. For more information visit www.bovill.com.
Further information on the event is below:
With the ‘Level Two’ advice published just before Christmas, this is the first of our 2015 series of MiFID II briefings.
This session focuses on the investor protection elements of ESMA's advice including topics such as:
• product governance to product intervention
• client assets
• remuneration
• conflicts and inducements (dealing commission)
• best execution and client order handling
• information to clients.
The briefing gives more details of our MiFID II toolkit and how this could help your project.
Meeting the data management challenges of MiFID IILeigh Hill
The compliance deadline for Markets in Financial Instruments Directive II (MiFID II) has been pushed back a year to January 2018, giving financial institutions within its scope an opportunity to take a strategic rather than tactical approach to implementation. But whatever the approach, the scale of the regulation is large and the data management challenge complex, requiring firms to work on compliance solutions well ahead of the deadline.
Join the webinar to find out more about:
-Regulatory guidance
-Progress on data management
-Outstanding challenges
-Best practice approaches
-Meeting the deadline
The document discusses Thomson Reuters' solutions and services to help clients comply with the Markets in Financial Instruments Directive (MiFID II). It describes how Thomson Reuters provides data, solutions, and expertise to support obligations related to pre- and post-trade transparency, trading venues, systematic internaliser determination, approved publication arrangements and publication services, reference data, transaction reporting and record keeping, investor protection, best execution, high frequency trading and structural change, research permissioning and unbundling, and regulatory automation and workflow mapping. It also outlines Thomson Reuters' MiFID II capabilities and solutions, including various Thomson Reuters products and services, and provides contact information.
Financial Conduct Authority_Developing our approach to implementing MiFID II ...Oliver Blower
This document discusses the Financial Conduct Authority's approach to implementing certain conduct of business and organizational requirements from the revised Markets in Financial Instruments Directive (MiFID II) in the UK. It seeks early feedback from firms and stakeholders on topics like applying MiFID II rules to insurance products and pensions, treating structured deposits, and recording telephone conversations. It aims to gather input to help develop policy options for later consultation on transposing MiFID II, which strengthens investor protections and must be implemented by July 2016.
A-Team Group recently held a webinar that we thought you would be interested to hear.
Markets in Financial Instruments II (MiFID II) makes sweeping changes to pre- and post-trade transparency, extending MiFID requirements limited to equities trades on regulated platforms to cover equity-like and non-equity instruments traded on any trading venue. It also requires trade data to be published through approved arrangements and made available on a consolidated tape. Achieving this level of transparency will be a significant challenge for financial institutions that must source and manage large volumes of data to ensure compliance.
Join the webinar to find out about:
- MiFID II transparency
- Data sourcing
- Data management challenges
- Technology solutions
- Expert guidance
MiFID II: Data for transaction reportingLeigh Hill
Markets in Financial Instruments Directive II (MiFID II) is complemented by Markets in Financial Instruments Regulation (MiFIR), which builds out transaction reporting requirements with a number of new reporting obligations. The data and data management challenges of reporting include an increase in instruments that must be reported and the addition of several new fields to transaction reports. The Legal Entity Identifier (LEI) is also mandated for use in reporting.
Join the webinar to find out about:
-Transaction reporting
-Data requirements
-Data management
-Inclusion of the LEI
-Best practice approaches
MiFID II - Data Governance - Closing the Chasmexpertechnix
At the ‘Practical Data Governance – Preparing now for the future‘ event held on 8th June 2016 run jointly by the BCS Data Management Specialist Group and DAMA UK, Ian Chapman presented on ‘MiFID II – Data Governance – closing the chasm’.
This document discusses the new MiFID II regulations for recording client communications that will take effect in January 2017. Key points include:
- MiFID II expands requirements for recording relevant phone calls, emails and meetings between financial firms and clients to demonstrate terms of transactions and detect market abuse.
- It affects a wide range of financial firms and requires records be kept for 5-7 years. Firms must invest in technology that can handle high volumes of recorded communications and mobile recordings.
- There are concerns about significant costs of implementation and lack of clarity around what communications must be recorded. Firms will need to select holistic recording solutions that cover all communication channels by late 2016.
MiFID II - investor protection - Bovill briefing feb 15Bovill
Bovill - the UK financial services regulatory consultancy - runs regular briefings. These are the slides from the February 2015 briefing on MiFID II. For more information visit www.bovill.com.
Further information on the event is below:
With the ‘Level Two’ advice published just before Christmas, this is the first of our 2015 series of MiFID II briefings.
This session focuses on the investor protection elements of ESMA's advice including topics such as:
• product governance to product intervention
• client assets
• remuneration
• conflicts and inducements (dealing commission)
• best execution and client order handling
• information to clients.
The briefing gives more details of our MiFID II toolkit and how this could help your project.
Meeting the data management challenges of MiFID IILeigh Hill
The compliance deadline for Markets in Financial Instruments Directive II (MiFID II) has been pushed back a year to January 2018, giving financial institutions within its scope an opportunity to take a strategic rather than tactical approach to implementation. But whatever the approach, the scale of the regulation is large and the data management challenge complex, requiring firms to work on compliance solutions well ahead of the deadline.
Join the webinar to find out more about:
-Regulatory guidance
-Progress on data management
-Outstanding challenges
-Best practice approaches
-Meeting the deadline
The document discusses Thomson Reuters' solutions and services to help clients comply with the Markets in Financial Instruments Directive (MiFID II). It describes how Thomson Reuters provides data, solutions, and expertise to support obligations related to pre- and post-trade transparency, trading venues, systematic internaliser determination, approved publication arrangements and publication services, reference data, transaction reporting and record keeping, investor protection, best execution, high frequency trading and structural change, research permissioning and unbundling, and regulatory automation and workflow mapping. It also outlines Thomson Reuters' MiFID II capabilities and solutions, including various Thomson Reuters products and services, and provides contact information.
Financial Conduct Authority_Developing our approach to implementing MiFID II ...Oliver Blower
This document discusses the Financial Conduct Authority's approach to implementing certain conduct of business and organizational requirements from the revised Markets in Financial Instruments Directive (MiFID II) in the UK. It seeks early feedback from firms and stakeholders on topics like applying MiFID II rules to insurance products and pensions, treating structured deposits, and recording telephone conversations. It aims to gather input to help develop policy options for later consultation on transposing MiFID II, which strengthens investor protections and must be implemented by July 2016.
This document summarizes a webinar on MiFID II requirements for best execution. It introduces five panel members from firms like Saxo Capital Markets and Thomson Reuters who are experts on MiFID II compliance. They will discuss challenges of achieving best execution under MiFID II rules, key elements for firms to focus on, and how data can be used to prove compliance. The webinar will also address technical and logistical challenges, data sourcing needs, and other MiFID II implications for trading firms.
MiFID II and AIFMD will impact Asian firms seeking to market funds or provide investment services in Europe. Key changes include:
1) MiFID II introduces more stringent rules for trading, transparency, and investor protection that apply to branches of third country firms in Europe.
2) AIFMD provides a marketing passport that could eventually allow passporting from Singapore to Europe, but national private placement regimes still apply for most countries.
3) Firms must consider the costs and benefits of complying with each European country's regulations individually or waiting for further harmonization of rules.
MiFID II comes into effect from 1 January 2018 and there is much work to be done to be ready. Read the corfinancial guide to find out how MiFID II will impact not only a very large number of Financial Services firms who operate in the European Union but is likely to have a significant impact on their business and operating models, processes and IT systems.
Kaushik Pramanik has 17 years of experience leading large regulatory projects for banks. He offers expertise in implementing MiFID II, the European regulatory framework that extends market transparency rules and other requirements to new asset classes and derivatives. MiFID II will significantly impact trading activities, pre-and post-trade reporting, and many divisions of affected firms. It must be implemented through a large global program with regional workstreams to ensure compliance by the January 3, 2017 deadline.
EXTENT-2015: MiFID II Projected Impact on Trading TechnologyIosif Itkin
MiFID II / MiFIR: Projected Impact on Trading Technology and QA Challenges
Pavel Sigov, Exactpro, Moldova
11 Nov 2015
EXTENT Trading Technology Trends & Quality Assurance Conference in St.Petersburg, Russia
The document discusses the upcoming changes from MiFID to MiFID II and the need for financial institutions to prepare. MiFID II will significantly broaden the scope of the original MiFID directive and introduce stricter requirements around areas like transparency, reporting, and investor protection. It will require major changes to infrastructure, business models, and data governance. Financial institutions should start assessing the impacts and ensuring compliance with the new regulations, which take effect in January 2017. They need to integrate preparation for MiFID II into a unified regulatory change program to avoid duplication of efforts across different regulations.
The document discusses the new regulatory requirements under MiFID II for monitoring, reporting, and surveillance of trade execution. It introduces Corvil as a streaming analytics platform that provides real-time monitoring, order record keeping, trade reconstruction, and surveillance to help firms meet their MiFID II obligations. Corvil captures precision UTC-synchronized trade execution data across multiple systems using non-intrusive monitoring APIs and sensors to provide a comprehensive view of order lifecycles while minimizing changes to existing trading infrastructure.
MiFID II trading technology requirements – what’s worked and what hasn’t?Leigh Hill
The incredible breadth of coverage of Markets in Financial Instruments Directive II (MiFID II) always meant there were going to be workarounds. Now that the implementation deadline of January 3, 2018 has passed, how did the marketplace fare in its attempts to comply, where was it successful, and which areas still need work?
Register for the webinar to find out about:
• What happened on January 3, 2018
• Compliance levels of trading organisations
• What has been going well since Day 1
• Which requirements need more work
• How best to replace workarounds
This document summarizes a webinar on MiFID II (Markets in Financial Instruments Directive II) six months after implementation. It discusses the results of new research showing many firms may only be achieving minimal compliance. It also outlines the impact on EU and non-EU companies and the steps firms need to take to achieve operational readiness. This includes areas like suitability, distribution, documentation, transaction reporting and market structure. Third country access is a major topic and there is debate around proposed changes to the current equivalence regime. Overall regulatory outlook remains uncertain as guidance continues to emerge and rules adapt to market changes.
EXTENT-2016: MiFID 2 Compliant Fixed Income SOR SystemIosif Itkin
The document discusses GATElab's MiFID II-compliant fixed income smart order routing (SOR) system. It aims to provide transparency on non-equity markets by aggregating liquidity from multiple venues and counterparties. The system matches customer orders to aggregated liquidity, stores real-time activity snapshots for transparency, and publishes post-trade reporting. It supports a large range of fixed income products and implements best execution and its rules.
EXTENT-2015: Quality Assurance in Russian NSDIosif Itkin
Quality Assurance in Russia's National Settlement Depository (NSD)
Pavel Andrianov, National Settlement Depository
11 November 2015
Trading Technology Trends & Quality Assurance Conference in St. Petersburg
EXTENT-2015: Efficient Risk Control - Challenges & TechniquesIosif Itkin
Efficient Risk Control - Challenges and Techniques
Vladimir Kurlyandchik, ARQA Technologies
11 November 2015
Trading Technology Trends & Quality Assurance Conference in St. Petersburg
G20 regulatory overview in partnership with EDM WorksTom White
The document provides an overview of regulatory reform in the financial services industry from a G20 perspective. It discusses the massive amount of new regulation being implemented, with over 300,000 pages of reforms in progress. This is creating significant upheaval and challenges for firms to make sense of and align with the many conflicting regulations. The document outlines some of the key regulatory initiatives and changes being implemented across different areas such as capital requirements, trading and transparency. It also discusses the challenges of managing regulatory data and having a holistic view across different regulatory lenses. The company, JWG, provides services to help firms understand and manage their regulatory obligations.
The document provides an overview of UnaVista's product roadmap for 2015-2016. Key points include:
- Focus on developing solutions to support clients' compliance with new MiFID II/MiFIR and EMIR regulations through offerings like a MiFIR regulatory suite, transaction reporting ARM, and APA service.
- Plans to expand reference data, rules engine, and regulatory reconciliations capabilities to handle additional requirements.
- Developing business intelligence tools to help clients monitor reporting quality and exceptions.
- Expanding connectivity to more national competent authorities and central counterparties over time.
EXTENT-2017: Implementation of MiFID II Testing Requirements by Trading Venue...Iosif Itkin
EXTENT-2017: Software Testing & Trading Technology Trends Conference
29 June, 2017, 10 Paternoster Square, London
Implementation of MiFID II Testing Requirements by Trading Venues and Investment Firms
Matthias Burghardt, Head of Xitaro Exchange System Development, Boerse Stuttgart
Would like to know more?
Visit our website: extentconf.com
Follow us:
https://www.linkedin.com/company/exactpro-systems-llc?trk=biz-companies-cym
https://twitter.com/exactpro
#extentconf
#exactpro
This document provides an overview and summary of various regulatory reporting requirements including REMIT, MiFID II, EMIR, and CASS.
1. REMIT requires the reporting of energy derivative trades to the Agency for the Cooperation of Energy Regulators (ACER) beginning in October 2015. MiFID II and MiFIR will expand transaction reporting for financial instruments beginning in January 2017. EMIR Level 2 updates data validation requirements for derivatives reporting to trade repositories beginning in November 2015.
2. Transaction reporting applies to a wide range of market participants across various industries and extends to EU and non-EU entities. It covers financial and commodity derivative transactions as well as related data such as parties, prices, volumes and
This document summarizes a webinar on MiFID II requirements for best execution. It introduces five panel members from firms like Saxo Capital Markets and Thomson Reuters who are experts on MiFID II compliance. They will discuss challenges of achieving best execution under MiFID II rules, key elements for firms to focus on, and how data can be used to prove compliance. The webinar will also address technical and logistical challenges, data sourcing needs, and other MiFID II implications for trading firms.
MiFID II and AIFMD will impact Asian firms seeking to market funds or provide investment services in Europe. Key changes include:
1) MiFID II introduces more stringent rules for trading, transparency, and investor protection that apply to branches of third country firms in Europe.
2) AIFMD provides a marketing passport that could eventually allow passporting from Singapore to Europe, but national private placement regimes still apply for most countries.
3) Firms must consider the costs and benefits of complying with each European country's regulations individually or waiting for further harmonization of rules.
MiFID II comes into effect from 1 January 2018 and there is much work to be done to be ready. Read the corfinancial guide to find out how MiFID II will impact not only a very large number of Financial Services firms who operate in the European Union but is likely to have a significant impact on their business and operating models, processes and IT systems.
Kaushik Pramanik has 17 years of experience leading large regulatory projects for banks. He offers expertise in implementing MiFID II, the European regulatory framework that extends market transparency rules and other requirements to new asset classes and derivatives. MiFID II will significantly impact trading activities, pre-and post-trade reporting, and many divisions of affected firms. It must be implemented through a large global program with regional workstreams to ensure compliance by the January 3, 2017 deadline.
EXTENT-2015: MiFID II Projected Impact on Trading TechnologyIosif Itkin
MiFID II / MiFIR: Projected Impact on Trading Technology and QA Challenges
Pavel Sigov, Exactpro, Moldova
11 Nov 2015
EXTENT Trading Technology Trends & Quality Assurance Conference in St.Petersburg, Russia
The document discusses the upcoming changes from MiFID to MiFID II and the need for financial institutions to prepare. MiFID II will significantly broaden the scope of the original MiFID directive and introduce stricter requirements around areas like transparency, reporting, and investor protection. It will require major changes to infrastructure, business models, and data governance. Financial institutions should start assessing the impacts and ensuring compliance with the new regulations, which take effect in January 2017. They need to integrate preparation for MiFID II into a unified regulatory change program to avoid duplication of efforts across different regulations.
The document discusses the new regulatory requirements under MiFID II for monitoring, reporting, and surveillance of trade execution. It introduces Corvil as a streaming analytics platform that provides real-time monitoring, order record keeping, trade reconstruction, and surveillance to help firms meet their MiFID II obligations. Corvil captures precision UTC-synchronized trade execution data across multiple systems using non-intrusive monitoring APIs and sensors to provide a comprehensive view of order lifecycles while minimizing changes to existing trading infrastructure.
MiFID II trading technology requirements – what’s worked and what hasn’t?Leigh Hill
The incredible breadth of coverage of Markets in Financial Instruments Directive II (MiFID II) always meant there were going to be workarounds. Now that the implementation deadline of January 3, 2018 has passed, how did the marketplace fare in its attempts to comply, where was it successful, and which areas still need work?
Register for the webinar to find out about:
• What happened on January 3, 2018
• Compliance levels of trading organisations
• What has been going well since Day 1
• Which requirements need more work
• How best to replace workarounds
This document summarizes a webinar on MiFID II (Markets in Financial Instruments Directive II) six months after implementation. It discusses the results of new research showing many firms may only be achieving minimal compliance. It also outlines the impact on EU and non-EU companies and the steps firms need to take to achieve operational readiness. This includes areas like suitability, distribution, documentation, transaction reporting and market structure. Third country access is a major topic and there is debate around proposed changes to the current equivalence regime. Overall regulatory outlook remains uncertain as guidance continues to emerge and rules adapt to market changes.
EXTENT-2016: MiFID 2 Compliant Fixed Income SOR SystemIosif Itkin
The document discusses GATElab's MiFID II-compliant fixed income smart order routing (SOR) system. It aims to provide transparency on non-equity markets by aggregating liquidity from multiple venues and counterparties. The system matches customer orders to aggregated liquidity, stores real-time activity snapshots for transparency, and publishes post-trade reporting. It supports a large range of fixed income products and implements best execution and its rules.
EXTENT-2015: Quality Assurance in Russian NSDIosif Itkin
Quality Assurance in Russia's National Settlement Depository (NSD)
Pavel Andrianov, National Settlement Depository
11 November 2015
Trading Technology Trends & Quality Assurance Conference in St. Petersburg
EXTENT-2015: Efficient Risk Control - Challenges & TechniquesIosif Itkin
Efficient Risk Control - Challenges and Techniques
Vladimir Kurlyandchik, ARQA Technologies
11 November 2015
Trading Technology Trends & Quality Assurance Conference in St. Petersburg
G20 regulatory overview in partnership with EDM WorksTom White
The document provides an overview of regulatory reform in the financial services industry from a G20 perspective. It discusses the massive amount of new regulation being implemented, with over 300,000 pages of reforms in progress. This is creating significant upheaval and challenges for firms to make sense of and align with the many conflicting regulations. The document outlines some of the key regulatory initiatives and changes being implemented across different areas such as capital requirements, trading and transparency. It also discusses the challenges of managing regulatory data and having a holistic view across different regulatory lenses. The company, JWG, provides services to help firms understand and manage their regulatory obligations.
The document provides an overview of UnaVista's product roadmap for 2015-2016. Key points include:
- Focus on developing solutions to support clients' compliance with new MiFID II/MiFIR and EMIR regulations through offerings like a MiFIR regulatory suite, transaction reporting ARM, and APA service.
- Plans to expand reference data, rules engine, and regulatory reconciliations capabilities to handle additional requirements.
- Developing business intelligence tools to help clients monitor reporting quality and exceptions.
- Expanding connectivity to more national competent authorities and central counterparties over time.
EXTENT-2017: Implementation of MiFID II Testing Requirements by Trading Venue...Iosif Itkin
EXTENT-2017: Software Testing & Trading Technology Trends Conference
29 June, 2017, 10 Paternoster Square, London
Implementation of MiFID II Testing Requirements by Trading Venues and Investment Firms
Matthias Burghardt, Head of Xitaro Exchange System Development, Boerse Stuttgart
Would like to know more?
Visit our website: extentconf.com
Follow us:
https://www.linkedin.com/company/exactpro-systems-llc?trk=biz-companies-cym
https://twitter.com/exactpro
#extentconf
#exactpro
This document provides an overview and summary of various regulatory reporting requirements including REMIT, MiFID II, EMIR, and CASS.
1. REMIT requires the reporting of energy derivative trades to the Agency for the Cooperation of Energy Regulators (ACER) beginning in October 2015. MiFID II and MiFIR will expand transaction reporting for financial instruments beginning in January 2017. EMIR Level 2 updates data validation requirements for derivatives reporting to trade repositories beginning in November 2015.
2. Transaction reporting applies to a wide range of market participants across various industries and extends to EU and non-EU entities. It covers financial and commodity derivative transactions as well as related data such as parties, prices, volumes and
Euro shorts 17.07.15 including EMIR: Bank of England response on CCP interope...Cummings
The document provides a summary of recent developments in the European financial services industry:
- The Bank of England published its approach to assessing interoperability arrangements between EU central counterparties.
- The European Banking Authority published responses to its consultation on risk mitigation techniques for over-the-counter derivatives.
- The European Systemic Risk Board supported the European Securities and Markets Authority's proposals to expand the clearing obligation for certain interest rate derivatives.
- The document also summarizes various speeches and updates from regulators like the Financial Conduct Authority on topics like the Fair and Effective Markets Review and enforcement criteria.
Euro shorts 17.07.15 including EMIR: Bank of England response on CCP interope...Cummings
This document provides a summary of recent legal and regulatory developments in the UK financial services industry. It discusses the Bank of England's response to a consultation on CCP interoperability under EMIR, the EBA's response on an EMIR risk mitigation consultation, and the ESRB's response on an ESMA clearing obligation consultation. It also summarizes speeches by the FCA on the FEMR review and dealing commission, and notes the FCA's update to its enforcement referral criteria. Other topics covered include the EU Parliament's resolution on capital markets union, the introduction of a UK Financial List for complex disputes, concerns about REMIT and MiFID II/MAR reporting, and tax highlights from the UK's recent budget
The document discusses the European Market Infrastructure Regulation (EMIR) which aims to reduce risks in over-the-counter (OTC) derivatives markets through increased transparency, security and regulation. EMIR requires reporting of all derivatives contracts to trade repositories, clearing of standardized OTC contracts through central counterparties, and risk mitigation processes for non-cleared OTC derivatives. It affects financial and non-financial counterparties engaged in derivatives trading and imposes requirements for reporting, clearing thresholds, and compliance audits.
1. Energy trading firms are facing challenges from new EU regulations like MiFID II, EMIR, and REMIT that aim to increase transparency and prevent market manipulation. These regulations require extensive reporting, position limits, and could force some firms to obtain financial licenses.
2. Firms are lobbying regulators to ease some rules, particularly around hedging exemptions and how speculative positions are calculated. Exemptions for intra-company trades and extraterritorial rules are also being requested.
3. Implementing the new rules fully by the deadlines may be difficult due to unclear definitions, quality issues with trade data, and the need for regulatory coordination across countries. Firms may restructure trading operations or move
Euro shorts 16.10.15 including Bloomberg's Hedge Fund Start Up Breakfast and ...Cummings
Welcome to Legal Shorts, a short briefing on some of the week’s developments in the financial services industry.
Listen to this week's Legal Shorts on CLTV by going to http://vimeo.com/cummingslaw
If you would like to discuss any of the points we raise below, please contact me or one of our other lawyers.
Legal shorts 06.11.15 including SM&CR authorised person definition for incomi...Cummings
Welcome to Legal Shorts, a short briefing on some of the week’s developments in the financial services
industry.
Listen to this week's Legal Shorts on CLTV by going to http://vimeo.com/cummingslaw
If you would like to discuss any of the points we raise below, please contact me or one of our other lawyers.
Canaccord Genuity Growth Conference Aug 2018EXFO Inc.
This document discusses EXFO's performance and future opportunities. It provides an overview of EXFO, including that it is the number one company in the optical test equipment market and top five in the communications monitoring market. It then summarizes EXFO's Q3 2018 results and acquisition of Astellia. The acquisition expands EXFO's mobile network monitoring and analytics capabilities. Finally, it outlines reasons for investing in EXFO, including its positioning for growth areas like fiber and 5G, innovation capabilities, strong cash flows, and experienced leadership team.
Euro shorts 06.11.15 including ESMA consultation on indirect clearing under ...Cummings
The document provides a summary of recent developments in the European financial services industry. It discusses consultations and reports from ESMA on indirect clearing under EMIR and MiFIR, responses to draft implementing technical standards under MiFID II, an FSB review and progress report on OTC derivatives reforms, an extension of the senior managers regime to incoming EEA branches, progress on an SFT Regulation, divergence between US and EU rules on swaps, and revised Hedge Fund Standards. It also includes a guest section on locum CF30 services for investment managers experiencing headcount shortfalls.
Legal shorts 21.10.16 including criminal finances bill introduced and mld4Cummings
Welcome to Legal Shorts, a short briefing on some of the week’s developments in the financial services industry.
If you would like to discuss any of the points we raise below, please contact me or one of our other lawyers.
Claire Cummings
020 7585 1406
claire.cummings@cummingslaw.com
www.cummingslaw.com
European Market Infrastructure RegulationITC Infotech
The EMIR rules have been designed to reduce counterparty and systemic risks in OTC trading, standardize OTC derivative contracts and enhance transparency. This paper aims to look at the impact of the regulation on derivatives market participants from their business operat ions and technology landscape.
European Union Legislative and Regulatory UpdateManagedFunds
This new educational and informational resource offers users in depth information on the many legislative and regulatory issues facing the hedge fund and managed futures industries in the EU.
Along with current status and scope of the issues, the presentation also lists MFA’s views on the issues and key concerns. This extensive guide covers a number of issues, including:
Financial Transaction Tax
Markets in Financial Instruments Directive (MiFID) and Markets in Financial Instruments Regulation (MiFIR)
Market Abuse Directive (MAD) and Market Abuse Regulation (MAR)
Shadow Banking
Alternative Investment Fund Managers Directive (AIFMD)
European Markets Infrastructure Regulation (EMIR)
European Short Selling Regulation
European Union Member State Short Selling Bans
EXFO Marketing with GMP Securities oct 2016EXFO Inc.
- The document discusses EXFO's strategy and financial highlights. It notes that EXFO provides multi-technology test and service assurance solutions and is a leader in portable optical testing.
- EXFO's growth strategy focuses on expanding market share with top network operators, accelerating penetration of new markets like data centers, and increasing its presence in wireless.
- Financially, EXFO exceeded profitability targets in FY2016 with adjusted EBITDA of $22M, up 60% YoY, on 4.7% sales growth to $232.6M. Gross margin was 62.6% for the year.
Regulatory updates from RR Donnelley December 2015Robert McNamara
December Regulatory Updates covering PRIIPs, Solvency II, European Market Infrastructure Regulation and additional reporting requirements under Irish Domiciled UCITS Funds.
Crowdfunding law and regulation - EU and national issuesPaul Massey
Introduction to crowdfunding and peeling back the layers of EU and national legislation. Challenges to Capital Markets Union and cross-border investment with a particular look at the Prospectus Directive.
Euro shorts 31.07.15 including AIFMD EMIR publishes passporting opinion and C...Cummings
The document provides a weekly briefing on financial services developments in Europe. It summarizes recent reports and decisions from organizations such as ESMA, the Cayman Islands government, the FCA, the BIS, ACER, and the IMF regarding several topics:
(1) ESMA published advice on extending the AIFMD passport to certain non-EEA countries but not the US.
(2) The Cayman Islands drafted bills to allow managers to opt into AIFMD reporting requirements.
(3) The FCA published guidance to help firms accurately report data under AIFMD Annex IV.
(4) Progress is being made on implementing OTC derivatives reforms but challenges remain regarding
Sapient Global Markets is a leading provider of services to financial and commodity markets. It offers advisory, analytics, technology, and process services. The document provides an overview of Sapient Global Markets and includes their contact information and office locations worldwide. It also includes an introduction to their 2013 Glossary of Financial Terms, explaining how to use the reference guide.