ESMA and IFRS(R) Foundation strengthen cooperation
October 13, 2016--The European Securities and Markets Authority (ESMA) and the IFRS Foundation today announced an updated set of protocols under which the two organisations will deepen their cooperation on the development of IFRS Standards and support for their consistent application across the European Union.
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Source: ESMA
Challenger broker buys TD Direct Investing
October 13, 2016--Private equity-backed deal will make Interactive Investor the UK's second-largest fund supermarket.
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Source: FT.com
Access to Single Market Crucial for Britain's Big Fund Managers
October 13, 2016--Britain's largest fund managers face bigger risks from the U.K. leaving the E.U. than previously anticipated, with new data showing mainland European investors account for up to a fifth of their assets under management
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Source: FT.com
ESMA publishes updated UCITS Q&A
October 12, 2016--The European Securities and Markets Authority (ESMA) has published an updated questions and answers (Q&A) document on the application of the Undertakings for the Collective Investment in Transferable Securities Directive (UCITS).
The Q&A includes four new questions and answers on: regulated markets in Member States under the UCITS Directive, translation requirements in relation to the remuneration disclosure, reinvestment of cash collateral, and the...
view the Q&A on application of the UCITS Directive
Source: ESMA
Tradeweb and FTSE Russell named as providers of Gilt and Treasury Bill end-of-day reference pricing by the UK Treasury
October 11, 2016--Tradeweb Markets, the leading global marketplace for electronic fixed income, derivatives and ETF trading, and FTSE Russell, the global index provider, today welcomed the decision by the UK Treasury naming Tradeweb and FTSE Russell as the joint future providers for end-of-day reference prices for Gilts and Treasury bills.
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Source: marketwatch.com
ESMA to focus on supervisory convergence issues in 2017
October 11, 2016--The European Securities and Markets Authority (ESMA) has published its 2017 Work Programme which sets out its priorities and areas of focus for 2017 in support of its mission to enhance investor protection and promote.
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Source: ESMA
ESMA publishes updated Q&A on CFDs and other speculative products
October 11, 2016--The European Securities and Markets Authority (ESMA) has published today an updated version of its question and answer document (Q&A) on the application of the Markets in Financial Instruments Directive (MiFID) to the marketing and sale of financial contracts for difference (CFDs) and other speculative products to retail clients (such as binary options and rolling spot forex).
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view the Q&A relating to the provision of CFDs and other speculative products to retail investors under MiFID
Source: ESMA
Rocket Internet SE will replace Chorus Clean Energy AG in SDAX
October 11, 2016--On Tuesday, Deutsche Börse AG announced an extraordinary adjustment in SDAX.
The shares of Rocket Internet will replace the shares of Chorus Clean Energy AG. Due to the acquisition of Chorus Clean Energy AG by Capital Stage AG, the free float of Chorus Clean Energy AG changed again and dropped to 5.58 percent.
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Source: Deutsche Börse
Source GPR Real Estate Europe UCITS ETF launched on Xetra
October 10, 2016--ETF provides access to leading European real estate companies
A new equity index fund from the ETF offering issued by Source has been tradable in the XTF segment on Xetra and Börse Frankfurt since Monday.
Name: Source GPR Real Estate Europe UCITS ETF
Asset class: equity index ETF
ISIN: DE000A2AFS54
Total expense ratio: 0.4 percent
Distribution policy: accumulating
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Source: Deutsche Börse Cash Market
UBS AG (OUBSF) Invests $1 Billion On Robo-Advisors
October 10, 2016--Wealth managers focus on online services to save costs and provide convenience to clients
UBS AG (OTCMKTS:OUBSF) is amongst the latest financial institutions to introduce robo-advisors in the wealth management sector.
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Source: thecountrycaller.com