02 Dec 2024
RIS is 'complex and bureaucratic': finance sector slams EU's regulatory framework
The European Structured Investment Products Association (Eusipa) and 11 other financial associations have sounded the alarm on the upcoming European Retail Investment Strategy (RIS), calling for a competitiveness check on regulation.
06 Nov 2024
Priips, Mifid revisited - in search of VfM
Value for money (VfM) testing as part of investor protection has become a central focus for regulators in recent years.
31 Oct 2024
Eusipa: VfM paper addresses funding cost dilemma
The industry’s proposal seeks a consistent internal standard to evaluate how much extra cost the structured product charges for additional features versus a simple zero-coupon bond.
30 Oct 2024
French regulator targets AMC sales
The Autorité des Marchés Financiers (AMF) has released an update to its position on the distribution of complex financial instruments targeted at distributors of actively managed certificates (AMCs) to retail clients.
20 Sep 2024
SEC charges broker-dealer with Reg-BI violations
The US regulator found that the advisor's structured note recommendations violated Reg BI’s compliance obligation
19 Sep 2024
Esma sounds alarm on zero-day options ETPs
The warning coincides with the launch of Europe’s first zero-day-to-expire options (0DTE) listed products by Leverage Shares.
18 Sep 2024
US advisor to pay over US$1.5m for unsuitable sales involving ETNs
The US regulator has charged the RIA and its owner for investing clients’ funds in unsuitable equity-linked structured notes
13 Jun 2024
EU Council ditches ban on inducements, introduces 'value for money' rule
The new retail investment package includes a proposal for a regulation amending the Priips regime and a new Omnibus directive amending several European regulations.
20 May 2024
StanChart Korea puts US$100m aside to compensate HSCEI autocall investors
The contingency plan comes after the UK bank’s Korea unit sold US$900m worth of autocallable products tracking the HSCEI.
15 Feb 2024
Credit Suisse dodges ETN lawsuit
The Second Circuit Court of Appeals of the US has dismissed a class action lawsuit brought by retail investors over the delisting of a Credit Suisse exchange-traded note (ETN).
28 Nov 2023
UK regulator sets out SDR, ESG labelling regime for investment products
The new package of measures, including a consumer-focussed labelling regime, is aimed at establishing the UK as competitive centre for asset management and sustainable investment.
21 Jun 2023
US SEC ramps up conduct expectations for broker-dealers
In April 2023, the US Securities and Exchange Commission (SEC) published a Staff Bulletin entitled “Standards of Conduct for Broker-Dealers and Investment Advisers Care Obligations”.