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Mifid II: market disagrees over meaning of TOTV

Thirty lawyers, regulatory strategists and market structure specialists share their views on trade and transaction reporting in part two of our special report. Respondents from banks, trading venues and APAs are divided over the true meaning of traded on a trading venue, what systematic internalisers can and can’t do and how trading venues should make their data available

January 25 2018

Priips & Mifid product governance teething problems revealed

Several banks tell us their biggest gripes with the two new investor protection regimes that are forcing an overhaul of business models, from concerns over liability to sheer scope. The rules are applied inconsistently, with some banks disagreeing over the suitability of the exact same product for nonprofessional investors - leaving a huge margin for error

January 25 2018

Mifid II: LEI rule already sending issuers abroad

According to banks, trading venues and lawyers, a small detail in the new directive that requires all listed securities to have a legal entity identifier is already prompting regulatory arbitrage and sending non-EU issuers to exchanges in Hong Kong, Singapore and New York

January 25 2018

PRIMER: Hong Kong’s manager in charge regime

The new framework strengthens senior individual accountability for SFC regulated entities

Karry Lai, January 25 2018

How MAR’s market sounding rules are damaging deals

Almost two years after implementation, in-house lawyers, bankers and buyside firms reflect on the regime's impact on deals. Call recordings have caused a particular headache with some investors reluctant to provide full feedback, infuriating bankers, but general feeling is that the true impact won't be known until markets move and pre-soundings become even more important

January 25 2018

Market face roadblock to STS via a lack of pricing definition

STS: buyside wants clarity on pricing

Portfolio managers want more flexibility on the type of information provided pre-pricing under the Securitisation Regulation. Here they tell Practice Insight why the rules are impossible to meet in their current form

Sharon Kimathi, January 25 2018

POLL: UK IPO reforms damage research volumes

Practice Insight surveys heads of execution, senior in-house counsel, research firm heads and buyside brokers who candidly explain how they're managing the shifting IPO environment

Sharon Kimathi, January 25 2018

SFTR: ISO rule will boost competition

Reporting venues think the new regulation's ISO 20022 requirement will enhance competition between trade repositories. Here they explain why, and reveal the issues they’re still lobbying regulators on

Sharon Kimathi, January 25 2018

New look SunEdison emerges from chapter 11

The process of reorganising the renewables company and the joint marketing and sale process of its yieldcos were a long and drawn out process

John Crabb, January 24 2018

DEAL: Colombia’s first private project finance project

The deal reopens the project finance industry after the Lava Jato scandal halted activity for more than a year

John Crabb, January 23 2018

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