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
UBS to launch 'robo-advice' service in the UK to attract younger clients This is part of UBS's $1bn initiative to boost its wealth management business.
October 10, 2016--Swiss financial services firm UBS is set to launch a new "robo-advice" service in the UK on 21 November.
This is part of a $1bn (£806m) initiative to help its wealth management business attract younger clients and will follow with an advertising campaign next year.
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Source: ibtimes.co.uk
ESMA publishes new Q&A on investor protection under MiFID II
October 10, 2016--The European Securities and Markets Authority (ESMA) has published a Questions and Answers (Q&A) document regarding the implementation of investor protection topics under the Market in Financial Instruments Directive and Regulation (MiFID II/ MiFIR).
MiFID II will enter into application on 3 January 2018 and will strengthen the protection of investors by both introducing new requirements and strengthening existing ones.
view the Questions and Answers on MiFID II and MiFIR investor protection topics
Source: ESMA
First Trust Global Portfolios Limited Announces Change to Investment Objective and Name of First Trust Global AlphaDEX(R) UCITS ETF
October 6, 2016--On or about 7 October 2016, First Trust Global AlphaDEX(R) UCITS ETF (the "Fund") will change its investment objective to seek investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an index called the NASDAQ Global High Equity Income Index (the "New Index").
The New Index is a modified market capitalization index developed and maintained by Nasdaq, Inc. ("Nasdaq") that is designed to objectively identify and select stocks from the NASDAQ Global Index.
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Source: First Trust
ESMA consults on MiFID II guidelines regarding trading halts
October 6, 2016--The European Securities and Markets Authority (ESMA) has issued today a public consultation regarding draft guidelines on trading halts under the Markets in Financial Instruments Directive (MiFID II).
MiFID II provides that Member States shall require a regulated market to be able to temporarily halt or constrain trading if there is a significant price movement in a financial instrument on that market or a related market during a short period and, in exceptional cases, to be able to cancel, vary or correct any transaction.
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Source: ESMA
ESMA publishes updated AIFMD Q&A
October 6, 2016--The European Securities and Markets Authority (ESMA) has published an updated questions and answers document on the application of the Alternative Investment Fund Managers Directive (AIFMD).
The Q&A includes one new question and answer on the commencement of periodical reporting pursuant to Article 13 of the Securities Financing Transactions Regulation for Alternative Investment Fund managers.
view the Questions and Answers-Application of the AIFMD
Source: ESMA
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