Meeting investors’ expectations

We report the findings of our thematic review that considered how firms ensure they manage funds and segregated mandates as they say they will. We also considered how firms monitor the appropriate distribution of their funds.

TR16/3: Meeting investors’ expectations

EBA supplementary data collection from investment firms

In response to a call for advice from the European Commission, the EBA have been designing what they consider to be an appropriate prudential regime for investment firms. This is intended to apply to all MiFID investment firms, including those that will be newly regulated as a result of the implementation of MiFID II.

The final report and advice is due to be sent to the Commission in the autumn. To aid calibration of the proposed requirements and to inform the impact assessment, the EBA are now asking firms that will be affected by the proposed new regime to supply some additional targeted data.

Taking part in this exercise may be an opportunity for a firm to influence the final proposal in such a way that makes it more suited to its particular business model.

The short template and instructions on how to complete it are available on the EBA website.

Any investment firms that are, or expect to be, prudentially regulated by the FCA as a result of MiFID/MiFID II should email their completed templates to [email protected] by Friday 4 August 2017.

In focus

Contracts for difference

Find out about our expectations of providers and brokers of retail contract for difference products, which include spread betting and rolling spot foreign exchange.

Oversight of best execution

Investment managers still failing to ensure effective oversight of best execution.

Use of dealing commission

Firms continue to fail to meet our expectations on their use of dealing commission.