EFAMA (European Fund and Asset Management Association) and EFSA (European forum of European Securities Associations) have published a note on the creation of a consolidated tape, highlighting their support while sharing some, feedback, concerns, and recommendations.
Legal & Regulation
Aisha Hunt, veteran US fund industry attorney, has launched Kelley Hunt, PLLC, a new law firm offering a full range of legal services to asset managers of ETFs, mutual funds, interval funds and other investment products across a wide variety of asset classes.
Grayscale Investments, the world’s largest digital currency asset manager and manager of Grayscale Digital Large Cap Fund, has publicly filed a Registration Statement on Form 10 with the Securities and Exchange Commission (SEC) on behalf of Grayscale Digital Large Cap Fund.
In Europe, March has seen the introduction of the Sustainable Finance Disclosure Regulations (SFDR), that mandate greater transparency for ESG funds, requiring fund groups to provide information about the ESG risks in their portfolios.
Natixis Investment Managers has received approval from the Securities Exchange Commission (SEC) for the use of custom baskets in actively managed semi-transparent exchange-traded funds (ETFs) that follow the New York Stock Exchange (NYSE)’s Proxy Portfolio Methodology approach.
21Shares AG has published its updated 2020 prospectus, following approval by the Swedish Financial Supervisory Authority (SFSA – Fi.se).
By Matthew Chapman (pictured), Director, ACA Compliance Group – Geopolitical change and uncertainty, regulatory sabre-rattling and industry shake-ups have combined to create a perfect storm for many financial services firms when it comes to their trade and transaction reporting obligations under MiFIR, EMIR and SFTR.
Invesco has reached the final regulatory stage in it its effort to build its own active non-transparent ETF model.
Get in now if you are in the UK and want to invest in derivatives or ETNs based on cryptocurrencies – the UK’s Financial Conduct Authority has banned them. The ban will come into effect on 6 January 2021 but the FCA warns that UK consumers should continue to be alert for crypto-derivative investment scams, writing: “As the sale of derivatives and ETNs that reference certain types of cryptoassets to retail consumers is now banned, any firm offering these services to retail consumers is likely to be a scam”.
By A Paris – This year will be forever remembered as the one which saw a global pandemic taking over the world, widespread travel restrictions and significant market volatility. But in Singapore, 2020 can be considered in a more favourable light. Despite the less than auspicious environment, the jurisdiction reaped success in launching a new fund structure, generating manager interest in an otherwise turbulent period.