Here comes the PEPP
The EU’s proposed pan European pension product (PEPP) could well turn out to be the most significant change to the Europe’s investment landscape since UCITS arrived on the scene 30 years ago. It has therefore hosted a roundtable on this topic. Click here to download it.
Delegation post Brexit: the latest
It now looks unlikely that ESMA will require portfolio management for European funds, now run from London, to be done in the EU post Brexit. But ESMA is getting more involved in approving delegations.
Ireland all alone
The Central Bank of Ireland’s Director of Policy and Risk, Gerry Cross, is concerned that Brexit means that the Irish will find it tougher to fight against Brussels on financial regulations. Ireland will have to accept changes to EU financial services provision because of Brexit, he said.
Prescient expands in Dublin
Prescient Fund Services, an Irish based third party ManCo hosting platform and fund administration provider, has expanded its Dublin office.
A new round of anti-money laundering regulations, in various jurisdictions, is adding enormously to funds’ costs. AML is also being used as an excuse by regulators, politicians and others to impose their own control agendas.