Date: Thursday, November 30th, 2017 Time: 7.30am – 8.00am Breakfast and Registration 8.00am – 8.05am Welcome 8.05am – 10.30am Seminar Location: Convene Conference Center, 237 Park Avenue, New York, NY 10017 (Entrance on 46th Street between Park Avenue and Lexington Avenue) KB Associates is pleased to invite you to its seventh annual global fund distribution […]
KB Associates has advised a diverse range of fund boards/asset managers on the implementation of CP86. Many have early adopted the requirements of CP86. KBA has seen three principal models
The Report begins by placing Ireland in the context of the global economy—Ireland is among the IMF’s 29 systemically important financial centres, the 4th largest exporter of financial services in the EU. All components of the FATF mutual evaluation of Ireland 2017 are considered and full list of Ireland’s ratings can be found in the appendices
The focus of the study is on the UK asset management industry and asset managers regulated by the FCA but it will also have an impact on Irish domiciled funds. The proposed remedies will impact both UK and non-UK asset managers selling Irish domiciled funds into the UK. A summary of the key findings of the study and the proposed remedies which will impact Irish domiciled funds are outlined here
MiFID II will come into effect on 3 January 2018 and is widely regarded as one of the most important regulatory initiatives undertaken by the European Union since the onset of the financial crisis in 2008
The first quarter of 2017 was characterised by gains in Eurozone, global and UK equities. In the Eurozone, the PMI reached a six year high in March and inflation increased. Political worries in Europe were less of a concern with fears of far-right election victories in both France and the Netherlands receding. The quarter also saw positive returns in the credit space in line with equities.
The Companies (Accounting) Act 2017 (the “Act”) became active on 9 June 2017 and transposes the EU Accounting Directive 2013/34/EU into Irish law. The main objective of the Act is to make the financial reporting and filing obligations of smaller companies less onerous. The Act impacts funds established as UCITS/AIFMD compliant investment companies (collectively “Investment […]
Introduction The first Markets in Financial Instruments Directive (“MiFID I”) became effective on 1 November 2007. It introduced a number of items including the MiFID passport, client categorisation requirements, client order handling requirements, pre and post trade transparency requirements and requirements relating to investment firms ensuring that clients receive best execution. MiFID II will come […]
Introduction On December 19th 2016, the Central Bank of Ireland (“CBI”) published the final guidance on consultation paper 86 (“CP86”). CP86 addresses the effectiveness of Fund Management Companies (“FMCs”). The process commenced in September 2014 with the publication of the first of three consultations on this topic. The objective of CP86 is to introduce initiatives […]
The Impact of CP86 on Existing and New FMCs
On 14 October 2016, ESMA1 published Guidelines on sound remuneration policies under the UCITS Directive
In this article, we review the political considerations of Brexit and analyse the potential impact on UK asset managers.
James Wauchope joined KB Associates in October 2016 where he serves as an independent professional director