To what extent do the business activities of prediction market platforms fall within the scope of financial services regulation in European jurisdictions?
MiFID II
Key points and practical implications in the areas of governance, testing, outsourcing, and pre-trade controls.
We consider industry pushback and sovereignty concerns with Tom Callaby, CMS; and Miroslav Đurić, Taylor Wessing.
Commodity derivatives were a particular focus in a wide-ranging exchange.
FCA highlights issues in MiFID reporting requirements and advises firms to update and improve their processes.
Compliance professionals wrestled with current challenges at the latest Global Relay Hedge Funds event in London.
Thematic review points to persistent recordkeeping issues at firms stemming from inadequate controls and use of error-prone manual systems.
Other news includes a whistleblower testifying that Facebook was working with CCP on censorship, Treasury announcing the rollback of 15 rules and guidance statements, and the publication of several ESMA documents.