the eflow blog
Informed opinions from industry experts.
Non-Compliance Fines Exceed $36 Billion Since 2008 Financial Crisis
Global financial institutions have been fined over $36 billion since 2008 At the close of the decade, global fines for non-compliance with Anti-Money Laundering (AML), Know your Customer (KYC) and sanctions regulations have exceeded $36 billion...
Fifth Of UK Fund Managers Admit To Inaccurate Reporting
Fifth Of UK Fund Managers Make Reporting Errors to FCA According to data obtained under an FOI request by Duff & Phelps, approximately one-fifth of all UK fund managers are guilty of making errors in their transaction reporting to the Financial...
ESMA Updates Q&A On Investor Protection
ESMA Updates Q&As on MiFID II and MiFIR Investor Protection & Intermediaries ESMA has updated its questions and answers on the implementation of investor protection topics under the Markets in Financial Instruments Directive and Regulation....
LME Requests Six-Month Delay to Telephone Trading Compliance
LME Requests Six-Month Delay to Telephone Trading Compliance The London Metal Exchange (LME) has stated that it will take an extra six months to ensure that trades made via telephone are compliant with new transparency requirements implemented as...
MiFID II Unbundling Relief Period Extended to 2023 by SEC
MiFID II Unbundling Relief Period Extended to 2023 by SEC The US Securities and Exchange Commission has granted a three-year extension to the MiFID II relief period for American firms. The SEC will allow US brokers to continue bundling execution...
ESMA Launches Consultation Paper on Position Limits in Commodity Derivatives
ESMA Launches Consultation Paper on Position Limits and Position Management in Commodity Derivatives ESMA has launched a consultation paper intended to gather information on the ‘impact of position limits on liquidity, market abuse and orderly...
Communication Recording and MiFID II: How To Stay Compliant
MiFID II Communication Reporting: Stay Compliant As part of MiFID II’s aim to generate greater market transparency, firms are now required to record all voice communications which result in a transaction being completed. These requirements extend...
ESMA Updates Transparency Calculations For Equity And Equity-Like Instruments
ESMA Updates Results of Annual Transparency Calculations for Equity and Equity-Like Instruments On September 23rd, ESMA began to make available the updated annual transparency calculations for equity and equity-like instruments. ESMA has claimed...
ESMA Calls for Report On MiFID II Inducements Disclosure Requirements
ESMA Calls For European Commission To Report On Impact of Inducements Disclosure Requirements Under MiFID II As stated in a press release published on July 17, the European Securities and Markets Authority (ESMA) has requested that the EC (European...
Market Abuse, Insider Trading and the European Energy Market
Europe's Energy Regulators Tackle Market Abuse and Insider Trading In an attempt to increase investor protection and promote market integrity, a number of European energy regulators have joined together to tackle market abuse and insider trading in...
MiFID II Inducements: How Should You Handle Them?
Inducements Under MiFID II MiFID, the Markets in Financial Instruments Directive, is a fundamental part of the financial law in the European Union. It sets out standards for investment services and activities across the EU, although its influence...
Trade Reporting vs Transaction Reporting: What’s the Difference?
Trade Reporting and Transaction Reporting Under MiFID II In January of 2018, the updated framework of Markets in Financial Instruments Directive (MiFID II) was rolled out, marking one of the biggest overhauls to Europe’s financial industry in...
Financial Times UK Warns Financial Advisors of Fake Bitcoin Email Campaign
Fake Bitcoin Email Campaign Imitates FCA Branding Con artists will try anything to make their schemes appear legitimate to unwitting victims. In a recent email doing the rounds to financial advisors, scammers have been impersonating the UK‘s...