ESMA UPDATES ITS Q&As RELATING TO THE PROSPECTUS REGULATION
December 4, 2019-The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers on the Prospectus Regulation with two new Q&As.
The two Q&As provide clarification on the following issues in relation to the Prospectus Regulation:
The inclusion of pro-forma summaries in base prospectuses.
The application of prospectus disclosure annexes where securities do not fall neatly within a specific.
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Source: ESMA
ESMA updates AIFMD Q&A
December 4, 2019--The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers on the application of the Alternative Investment Fund Managers Directive (AIFMD)
ESMA has added one new Q&A on the AIFMD reporting to National Competent Authorities.
The Q&A provides clarification on reporting requirements on liquidity stress tests for closed-ended unleveraged Alternative Investment Fund (AIFs).
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Source: ESMA
UK official holdings of international reserves: November 2019
December 4, 2019--This release details movements in the international reserves of gold and assets held by the UK government.
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Source: gov.uk/
Gemini Hires Former Starling Bank Founder as Managing Director of Europe
December 4, 2019--Gemini, the cryptocurrency exchange co-founded by Tyler and Cameron Winklevoss, is tapping a digital bank founder to manage its European operations, the company announced Wednesday.
Julian Sawyer, former co-founder and chief operating officer at U.K.-based Starling Bank, will shape the exchange's strategy for the region as well as manage European hiring, according to a press release. Sawyer will report to Gemini's president, Cameron Winklevoss.
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Source: coindesk.com
Institutions Are Showing Interest in ETP Tied to Binance Coin, Amun Says
December 3, 2019---Swiss crypto investment product provider Amun says it has received significant institutional interest in its exchange-traded product (ETP) tied to the Binance Coin (BNB) exchange token.
Amun's Managing Director and Head of ETFs, Laurent Kssis, said the company’s European roadshow in London, Zurich, Milan and Scandinavia is already "fully booked" with meetings with representatives from over 30 institutional investors across the continent.
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Source: coindesk.com
ESMA updates the CSDR Q&As
December 3, 2019--The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers (Q&As) regarding the implementation of the Central Securities Depositories Regulation (CSDR).
The updated Q&As provide answers to questions regarding practical issues on the implementation of the new CSDR regime.
The latest CSDR Q&As clarify the application of requirements related to the CSD matching functionality.
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Source: ESMA
ESMA updates its BMR Q&As
December 3, 2019--The European Securities and Markets Authority (ESMA) has issued today an update of its Question and Answers (Q&As) on the European Benchmarks Regulation (BMR).
The new Q&A's provide clarification on the following issues:
Annual review of IOSCO principles for Oil Pricing Reporting Agencies (PRAs); and
The legal representative under Article 32(3) of BMR
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Source: ESMA
Britain's cheapest ever DIY pension: Vanguard finally reveals its Sipp that charges just 15p for every 100GBP invested
December 2, 2019--Vanguard to launch new Sipp with an annual charge of 0.15% in 2020
It claims it will be the lowest-cost self-invested personal pension on the market
Vanguard apologised for delayed launch originally planned for 2017
Cut-price investing giant Vanguard has revealed details of its personal pension with a charge of just 15p for every £s;100 invested.
The launch early next year of a self invested personal pension (Sipp) by the US fund manager is highly-anticipated, as it first hoped to offer pensions shortly after bringing its DIY investing platform to the UK in 2017.
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Source: thisismoney.co.uk
Invesco revamps UK equity leadership after outflows
November 29, 2019-- Once popular products are now UK's worst selling funds group after chronic underperformance
Invesco has appointed a new executive to join under-pressure fund manager Mark Barnett as the company's UK equity business seeks to...
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Source: FT.com
Monetary developments in the euro area: October 2019
November 28, 2019--Annual growth rate of broad monetary aggregate M3 stood at 5.6% in October 2019, unchanged from previous month (revised from 5.5%)
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, increased to 8.4% in October from 7.9% in September.
Annual growth rate of adjusted loans to households stood at 3.5% in October, compared with 3.4% in September
Annual growth rate of adjusted loans to non-financial corporations increased to 3.8% in October from 3.6% in September
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Source: ECB
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