Regulatory Update: AIF Managers

The Alternative Investment Fund (AIF) Managers (Amendment) Regulation 2018 The Alternative Investment Fund Managers Regulations 2013 have been amended via The Alternative Investment Fund Managers (Amendment) Regulations 2018 (the Regulations) in respect of the EU Regulations on social entrepreneurship funds and Venture Capital Funds. Regulation 2 makes minor changes to the procedures to be followed […]

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Regulatory Update: ECB on RTGS

ECB publishes the user requirements for its future RTGS services ECB publishes the user requirements for its future RTGS services Source Document Type Date of Publication Implementation Date ECB Requirements documents 02nd February 2018 November 2021 Following the approval (on December 2017) of the consolidation of the Eurosystem’s real-time gross settlement system TARGET2 and the […]

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Regulatory Update: Non-workplace pensions

FCA Discussion Paper 18/1: Effective competition in non-workplace pensions The FCA has published a discussion paper (DP 18/1) to solicit feedback on the market for non-workplace pensions, competitive dynamics and potential consumer protection measures. It estimates that individual private pensions, are valued at around £400bn (assets under management), significantly more than is invested in contract-based […]

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Regulatory Update: APP fraud

FCA “Dear CEO” letter on authorised push payment (APP) fraud A ‘’Dear CEO’’ letter has been issued by the FCA covering “Authorised Push Payment” (APP) fraud, noting the development of new APP Best Practice Standards for sending and receiving banks when handling fraud issues, with the potential to significantly improve the experience of those affected. […]

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Regulatory Update: IOSCO

IOSCO issues recommendations to improve liquidity risk management for investment funds The International Organisation of Securities Commissions (IOSCO) has published two final reports in relation to risk management of investment funds: Recommendations for Liquidity Risk Management for Collective Investment Schemes. Replacing the liquidity risk management framework contained in IOSCO’s 2013 report Principles of Liquidity Risk […]

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Regulatory Update: Commodity derivative contracts

FCA position limits for commodity derivative contracts Under Regulation 16 of The Financial Services and Markets Act (Markets in Financial Instruments) Regulations 2017, Article 57 of MiFID II and Regulatory Technical Standard 21, The Financial Conduct Authority (FCA) have published position limits on an additional commodity derivative contract, traded on a UK trading venue. These […]

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Regulatory Update: European MMFs Regulation

CP18/4: The European Money Market Funds (MMFs) Regulation As a consequence of the Money Markets Funds ( MMFs ) Regulation, new MMFs will be captured from 21st July 2018, with existing MMFs impacted from 21st January 2019. The FCA is therefore making Handbook revisions and has published Consultation Paper 18/4 – ‘The European Money Markets […]

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Regulatory Update: PRIIPs

FCA statement on communications in relation to PRIIPs The FCA web-site has been updated in respect of packaged retail and insurance based investment products (PRIIPS) in response to concerns that have been highlighted by some Firms in relation to the ‘performance scenario’ information contained within the ‘Key Information Document’ (KID), with the potential to mislead […]

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Regulatory Update: Ethiopia

Commission Delegated Regulation adding Ethiopia to the list of high risk countries Firms should be aware that Ethiopia has been added to the list of high-risk third countries via the Official Journal of the European Union (OJ) Commission Delegated Regulation (EU) 2018/105 of 27 October 2017 which amends Commission Delegated Regulation (EU) 2016/1675. This arises […]

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Introducing ComplianceSOS®

Met Facilities is pleased to announce that ComplianceSOS® is now a registered UK and EU trademark and brand. This forms part of the Met Consult suite of services for clients who need help to: understand, plan for and solve their compliance and risk related issues direct FCA authorisations review financial promotions mediate disputes or complaints […]

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Finance Monthly (M&A) Awards 2017

Finance Monthly Awards 2017: Compliance Consulting We would like to extend our appreciation to Finance Monthly for awarding Met Facilities the Compliance Consulting award for 2017. Met Facilities is honoured to receive such a prestigious award, which recognises us as the leading provider of FCA regulatory hosting services.  Our philosophy on “focusing on what matters” resonates […]

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