Catch of The Day
As the old saying goes, teach a man to fish and he is fed for a day, teach a man to fix the price of fish and he will spend…
Details
An Overview of MMF Reporting
On 31 March 2020, the European Securities and Markets Authority (ESMA) announced that it was delaying the first reports by money market funds managers under the Money Market Funds Regulation (MMF Regulation) until September 2020. The original date for submissions was April 2020. The delay was due to an update to the XML schema.
Details
Breaking the Buck and the Introduction of Greater Liquidity Requirements
Money market funds (MMFs) are an important part of the European and global investment fund landscape and perform an essential role as a cash management and liquidity tool. They are a type of collective investment fund where households, corporate treasurers or insurance companies can obtain a relatively safe and short-term investment for surplus cash. They have preservation of capital and liquidity as their primary objectives.
Details
Burgers & Acquisitions
It’s a little-known fact that in Chinese the phrasing used for the word crisis or danger also means the same as the word opportunity. Its been announced that JustEat the…
Details
There Will Be Blood
With Oil prices hitting record lows and global industry grinding to a halt in the wake of Covid some major energy firms are feeling the pinch. At time of writing,…
Details
ESMA Briefing on Supervision of Costs in UCITS and AIFs
The European Securities and Markets Authority (ESMA) has published a supervisory briefing on the supervision by National Competent Authorities (NCAs) of costs applicable to Undertakings for the Collective Investment in Transferable Securities (UCITS) and Alternative Investment Funds (AIFs).
Details
Full Implementation of the New Japan Foreign Investment Rules
The new Japan foreign investment rules were fully implemented on 7th June after a 30-day transition period. The amendments to the Foreign Exchange and Foreign Trade Act (FEFTA) require some overseas investors to submit a prior notification of stock purchases to the government via the Bank of Japan (BoJ).
Details
Foreign Investment Restrictions on the Rise
Liquidity risk was amplified by the COVID-19 pandemic with regulators introducing a number of initiatives to mitigate the corresponding risk. However, it’s not the only area which has seen increased attention as a result of COVID-19. As summarised below, despite the G20 commitment to “support global trade and investment” during the pandemic, foreign investment restrictions have been on the rise.
Details
Supersonic
It is said that in certain conditions some smaller planes can be flying inverted without the pilot noticing, known as spatial disorientation. Emphasising the importance of checking instruments. On the…
Details
Regulatory Round-up: May 2020
This month’s regulatory round-up, pulls together some of the interesting regulatory developments we have tracked throughout May. It’s no surprise that liquidity continues to dominate the headlines with the CSSF launching the IFM notifications on fund issues and large redemptions, EU Member States publishing their intentions regarding the Money Market Fund Stress Tests, and the ESRB making recommendations regarding liquidity risk in investment funds.
Details