ESMA publishes updated AIFMD Q&A
November 14, 2016--The European Securities and Markets Authority (ESMA) has published an updated questions and answers document (Q&A) on the application of the Alternative Investment Fund Managers Directive (AIFMD).
The Q&A includes two new questions and answers on the cross-border marketing of AIFs, clarifying issues around material changes of existing notifications, as well as two new questions and answers on the delegation of functions by an AIFM to AIFs or third parties...
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Source: ESMA
WisdomTree Quality Dividend Growth UCITS ETFs now available in distributing share class format
November 14, 2016--WisdomTree, the exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor today announced the listing of the distributing share class for the Quality Dividend Growth family which comprises the WisdomTree US Quality Dividend Growth UCITS ETF (DGRA), the WisdomTree Global Quality Dividend Growth UCITS ETF (GGRA) and the WisdomTree Eurozone Quality Dividend Growth UCITS ETF (EGRA) on the London Stock Exchange.
The new ETF share classes complement an existing suite available to investors in an accumulating format.
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Source: WisdomTree
New UBS ETF offers access to US Large Caps with Currency Hedging
November 11, 2016--UBS Asset Management confirms the UBS ETF (IE) S&P 500 hedged GBP UCITS ETF (the Fund) has listed on London Stock Exchange.
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Source: etfworld.co.uk
Four new WisdomTree smart beta ETFs launched on Xetra
ETFs based on high-dividend stock corporations from Europe, USA and emerging market countries
November 10, 2016--Four new exchange-listed index funds issued by WisdomTree have been tradable on Xetra and Börse Frankfurt since Thursday.
These new WisdomTree smart beta ETFs enable investors to participate in the performance of high-dividend stock corporations with sufficient liquidity and market capitalisation.
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Source: Deutsche Börse Cash Market
ESMA- ESMA asks Commission to delay central clearing for small financial counterparties
November 10, 2016--The European Securities and Markets Authority (ESMA) has published today its final report regarding the amended application of the clearing obligation that financial counterparties with a limited volume of activity in OTC derivatives need to comply with under the European Market Infrastructure Regulation (EMIR).
Due to a range of reasons covered in the report, in particular relevant EU legislations being under review or finalisation, ESMA proposes to postpone the phase-in period for central clearing of OTC derivatives applicable to financial counterparties with a limited volume of derivatives activity...
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Source: ESMA
ESMA finalises advice on future rules for financial benchmarks
November 10, 2016--The European Securities and Markets Authority (ESMA) has finalised its technical advice to the European Commission on important aspects of future rules for benchmarks.
In particular, ESMA provides advice on:
how benchmarks' reference values can be calculated by using data reporting structures under existing EU rules such as MiFID II and EMIR;
some of the criteria for deciding when third country benchmarks can be endorsed for use in the...
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Source: ESMA
ESMA prepares for new International Financial Reporting Standard 9
November 10, 2016--The European Securities and Markets Authority (ESMA) has today published a Public Statement on Issues for consideration in implementing IFRS 9: Financial Instruments (the Statement) which highlights both the need for consistent, high-quality implementation of IFRS 9 and the need for transparency on its impact to users of financial statements.
IFRS 9 replaces major parts of International Accounting Standard (IAS) 39 Financial Instruments: Recognition and Measurement and contains a new impairment model based on expected credit losses (ECL).
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Source: ESMA
ESMA consults on transparency rules for package orders under MiFID II
November 10, 2016--The European Securities and Markets Authority (ESMA) has opened today a public consultation on draft regulatory technical standards (RTS) regarding the treatment of package orders under the amended Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).
Overall, MiFID II aims at increasing market integrity, transparency and efficiency.
Package transactions are interlinked financial transactions comprising various instruments which firms execute jointly in order to reduce transaction costs and for risk management purposes.
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Source: ESMA
ETF investors take out gold insurance
November 10, 2016--ETF provider Source saw inflows of more than USD500 million into its Source Physical Gold ETC between 1 October and 8 November this year.
European Commission-Autumn 2016 Economic Forecast: Modest growth in challenging times
Commission forecasts 2017 euro area growth of 1.5% and EU growth of 1.6%
November 9, 2016--Economic growth in Europe is expected to continue at a moderate pace, as recent labour market gains and rising private consumption are being counterbalanced by a number of hindrances to growth and the weakening of supportive factors
In its autumn forecast released today, the European Commission expects GDP growth in the euro area at 1.7% in 2016, 1.5% in 2017 and 1.7% in 2018 (Spring forecast: 2016: 1.6%, 2017: 1.8%). GDP growth in the EU as a whole should follow a similar pattern and is forecast at 1.8% this year, 1.6% in 2017 and 1.8% in 2018 (Spring forecast: 2016:1.8%, 2017: 1.9%).
view the European Commission-Autumn 2016 Economic Forecast
view the infographic
Source: European Commission
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