1 MiFID II brings greater transparency State Street Explains…
Regula3ons to Be Ready For
The review of the Markets in Financial Instruments Direc3ve (MiFID) legisla3on will enhance pre- and posttrade transparency requirements across equity, equity-like and non-equity asset types. Investor protec3on is given added focus, with new disclosure requirements linked to costs and charges, and new condi3ons set for the design and distribu3on of financial instruments.
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Transla3on: Transparency into money and refreshed financial instruments (Effec2ve January 2018 in the EU)
Informa(on Classifica(on: Limited Access
2 Unlocking the barriers… CMU State Street Explains…
Capital Markets Union (CMU) is the flagship ini3a3ve looking to boost growth in the EU by unlocking non-bank sources of funding for the economy. With proposals to promote long-term investment in infrastructure, introduce a pan-European pension product and examine the barriers to the cross-border distribu3on of investment funds, CMU’s overriding aim is to further integrate European capital markets. Or ... in emojis …
Regula3ons to Be Ready For
Transla3on: Unlocking barriers to boost growth in EU markets (Effec2ve by 2019 in the EU)
Informa(on Classifica(on: Limited Access
3 SEC shines a light on liquidity State Street Explains…
Regula3ons to Be Ready For
With mutual funds represen3ng a key part of US saving plans, the SEC is looking to protect investors with stronger liquidity risk management requirements. Under the proposed rules, funds must classify their assets based on how long it would take to liquidate them and can’t hold more than 15% of the fund’s value in illiquid assets.
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Transla3on: Protec3ng investors with strong liquidity requirements (Effec2ve 2017 in the US)
Informa(on Classifica(on: Limited Access
4 Repor?ng gets a modern spin State Street Explains…
Regula3ons to Be Ready For
Proposed requirements will raise the bar on transparency and data management, with more detailed informa3on required on deriva3ves investments and liquidity risk.
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Transla3on: Raising the bar on transparency and data management
(Effec2ve 2017 in the US)
Informa(on Classifica(on: Limited Access
5 Passpor?ng keeps funds flowing State Street Explains…
Regula3ons to Be Ready For
Three funds passpor3ng schemes rolling out across the region share the goal of opening Asian capital markets. The result? Freer flow of capital, lower costs and increased economies of scale among passpor3ng member states.
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Transla3on: Free flowing capital and decreased costs in Asia (Effec2ve 2014 in ASEAN, 2015 in China-Hong Kong, and late 2017/early 2018 in ARFP-APEC)
Informa(on Classifica(on: Limited Access
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