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Few asset managers prepared for introduction of Mifid II rules

Only 6 per cent of asset management firms think they are ready to meet the best execution requirements under Mifid II, according to a survey by Liquidnet.

Banks to lose as asset managers move to others under Mifid II research unbundling in 2018

With less than a year before the markets in financial instruments directive (Mifid II) rules kick in, most asset managers are shifting research budgets away from the top nine investment banks.

Concerns raised over Esma lack of understanding of distribution of financial products

The European Securities and Markets Authority (Esma) seems to have little understanding of open architecture platforms, according to European Federation of Financial Intermediaries and Financial Advisers (Fecif).

UK law will end tax-free status of performance fees for offshore funds

The UK government has published draft legislation making performance fees non-deductible.

Hong Kong and Switzerland sign landmark deal to distribute public funds

Hong Kong and Switzerland have signed a memorandum of understanding (MoU) on mutual recognition of funds and asset managers.

Legal implications of US elections cause uncertainty for multinational employers

As the political and economic implications of the 2016 US presidential elections begin to become clearer, multinational employers in the financial sector should consider some of the potential legal implications of the Trump presidency on both sides of the Atlantic.

Italy puts Cayman on white list paving way for increased investment through alternative fund structures

Italy has now included Cayman Island funds on its white list. This means Cayman funds will be free to invest in Italian securities such as bonds and securitisation instruments and receive interest payments gross of withholding tax.

Brexit vote raises employment and immigration questions for multinationals

Every multinational employer is affected by the vote to leave the EU. But the aftermath of the vote is not just financial.