FSMA aims at ‘high costs’ in product governance memo

Europe | Regulations & Legal

10h by SRP News

The Belgian watchdog is targeting credit institutions and insurance distributors that are developing structured products with a memo on product governance.

China: industry at a crossroads as issuance plunges

Asia Pacific | Regulations & Legal

25 Nov 2020 by Summer Wang

This year has been eventful and full of uncertainty for the country’s structured deposits and notes as a series of regulatory guidelines aimed at curbing market risk gradually take effect.

Guangfa Bank eyes commodity deposits amid overall scale down

Asia Pacific | Regulations & Legal

24 Nov 2020 by Summer Wang

China Guangfa Bank has expanded the issuance of its structured deposits linked to commodities as well as the underlying variety of its product range in response to tightened regulations introduced this year.

US watchdog issues fresh warnings to broker-dealers on vol ETPs

North America | Regulations & Legal

24 Nov 2020 by Lavanya Nair

The Security and Exchange Commission’s (SEC) office of compliance inspections and examinations has issued a public statement to retail investors on the sales of volatility-linked exchange-traded products (ETPs).

Libor transition: has credit sensitivity lost its value?

North America | Regulations & Legal

17 Nov 2020 by Lavanya Nair

The impending transition away from the widely adopted Libor has raised concerns about the suitability of its replacement, SOFR, how significant the value transfer will be and what structured product investors might have to look out for in the coming year.

US watchdog slaps charges on advisory firms after ETP sales probe

North America | Regulations & Legal

16 Nov 2020 by Lavanya Nair

The US Securities and Exchange Commission (SEC) has charged three investment advisory firms along with two dual registered broker-dealers and advisories with violations concerning the sales of complex exchange-traded products (ETPs) to retail investors.

US watchdog reviews investor protection framework

North America | Regulations & Legal

02 Nov 2020 by Lavanya Nair

The US Securities & Exchange Commission (SEC) divisions of Investment Management, Corporation Finance, and Trading and Markets will review the effectiveness of the existing regulatory requirements in protecting investors.

UK moves to ‘improve’ Priips regime

Europe | Regulations & Legal

02 Nov 2020 by Tim Mortimer - FVC

On 23 June, the UK government announced its intention to convert the existing body of EU legislation into British law and has now issued some more detailed proposals.

Mondriaan granted AFM licence, ponders second fund

Europe | Regulations & Legal

21 Oct 2020 by Marc Wolterink

The Dutch fund of structured products obtained a licence under the alternative investment fund managers directive (AIFMD) as it looks to grow further.