ACA Compliance Group (ACA), a provider of governance, risk, and compliance advisory services and technology solutions, has launched ComplianceAlpha 2.0.
Legal & Regulation
Broadridge Financial Solutions, is working with FundsLibrary, a provider of digital fund data and regulatory solutions, to develop a new offering for European wealth and asset managers to address the challenges posed by MiFID II Ex-Post Costs and Charges and Solvency II.
PIMFA, the trade association for investment managers and financial advisers, has described the recent FCA consultation paper (CP) ‘Our Framework: Assessing Adequate Financial Resources’ as ‘confusing’.
PGIM has secured approval from the Dutch Authority for the Financial Markets to operate an Alternative Investment Fund Manager (AIFM) from its newly established office in the Netherlands.
Intelliflo has been authorised by the FCA for registration as an account information service provider (AISP) under PSR 2017. AISP status ensures that Intelliflo can continue to aggregate information from client's bank accounts.
A survey conducted on preparation for the FCA’s Senior Managers and Certification Regime, (SM&CR) has revealed that most firms have significant work to do, as they prepare for its extension to all authorised firms on 9 December.
Estera, a provider of corporate, funds and trust services, has launched an interactive economic substance client portal and guide to help clients establish how their entities are impacted by the new economic substance regulations.
Research by global financial services regulatory consultancy Bovill finds that despite the FCA pursuing 19 investigations under the Senior Managers and Certification Regime (SMCR), to date there has been only one successful enforcement action.
Following participation in the FCA’s Sandbox initiative in 2018/2019, SquareBook has received regulatory authorisation under Article 25 (2) of the Regulated Activities Order to ‘make arrangements with a view to transactions in investments’.
It seems that the jury is still out regarding the recent proposals by the Investment Association for a long-term asset fund structure. The IA is proposing a new open-ended fund structure that would have the ability to invest in less liquid or illiquid assets, such as property and infrastructure projects.