EMEA news roundup: change, please

Author: Olly Jackson | Published: 26 Feb 2019
EU market participants are hoping change is on the horizon

In the last few months, market participants – rather unusually – have talked about their concerns surrounding upcoming regulation. What many view as a lack of consideration on the part of regulators is causing problems - especially when it comes to data.

First came the General Data Protection Regulation (GDPR), then the news that the US' Securities and Exchange Commission (SEC) is blocking non-US investors from registering as investment advisors due to data-related concerns. This is heightening fund managers' fears about the regulation, which some feel is incompatible with Mifid II.

Restrictions on personal data transfers outside of the EU have led the SEC to conclude that investment advisors may not be able to provide necessary information about certain individuals associated with EU investment advisors. EU firms still have to comply with all applicable US regulations – but the concern is...