UCITS V

EU Directive now in force; changes required to remuneration policies

Fixed Overheads

Clarification of methodology provided by the EBA in draft Delegated Regulation

EMIR Review

The FCA has undertaken a review on how industry dealt with the new obligations under EMIR

AIFMD: Marketing Reminder

The AIFMD transitional period ends 21 July 2014 after which AIFMs will require either FCA approval or will have to provide notification to the FCA regarding marketing

EMIR: Clearing Update

ESMA has published two consultation papers on clearing obligations in regard to IRS's and CDS's

EMIR: Additional Reporting

Firms subject to EMIR should be aware that additional (daily) reporting to a Trade Repository (TR) comes into force on 11 August.

MiFID II

MiFID II and the Regulation (MiFIR) texts agreed by both the European Parliament and the European Council

UCITS V

Both the European Parliament and the European Council appear to have reached wording agreement UCITS V

EMIR: Risk Mitigation

FCA statement on risk mitigation techniques relating to OTC derivative trades not cleared by a CCP

AIFMD: Authorisation Deadline

HM Treasury intends to amend AIFM Regulations 2013 which will impact all AIFMs making use of the transitional provisions