Latest Business Updates from Financial Information
15 results found.
Further uncertainty for PRIIPs KID implementation
IRS guidance confirms phased-in approach to 871(m) enforcement
The IRS has officially confirmed a phased-in approach to 871(m) compliance. Enforcement in 2017 will focus on delta-one transactions and some combined transactions.
EU vote formally delays PRIIPs until 2018
The European Parliament voted today to accept a motion to delay PRIIPs for 12 months, completing the legal process just in time to put a formal delay into effect.
ECON vote indicates PRIIPs delay will finally become law
The Economic and Monetary Affairs (ECON) committee of the European Parliament voted today to accept a motion to delay PRIIPs for 12 months. This leaves just one final legal step before the legal process can be completed to formally delay the PRIIPs regulation until 2018.
SIX Financial Information wins award for Best Corporate Actions Data Provider
SIX Financial Information has been awarded Best Corporate Actions Data Provider at this year’s Data Management Review (DMR) awards on 11 November in London. The awards have been designed to acknowledge excellence in data management within capital markets and focus on the community of specialized suppliers within financial data management.
EU moves to delay PRIIPs for 12 months to realign with MiFID II
The European Commission announced today that it will take the necessary legal steps to postpone the PRIIPs Regulation for 12 months. The European Commission will publish its proposals in an amending draft Regulation, which. must be quickly passed through the co-legislation procedure if the existing 31 December 2016 application date is to be successfully pushed back by one year. The European Parliament and European Council now have an extremely short period (approximately one month) to ensure the new regulation passes through the ordinary legislative procedure in time to formally delay the regulation until 31 December 2017. The announcement aligns the dates of application of PRIIPs with MiFID II and offers an opportunity to the financial industry to think more strategically about compliance with investor protection legislation as well as more time to prepare.
European Commission to debate PRIIPs delay on 9 November 2016
With 10 weeks remaining until PRIIPs is scheduled to enter in force, the formal timeline remains unchanged although speculation about a delay is rife across the financial industry. Hopefully, the EC College of Commissioners meeting in November will bring more clarity to the question of the PRIIPs implementation timetable.
Vote now - SIX Financial Information is nominated for 6 Data Management Review awards
Closing on 7 October - We look forward to your votes in the following categories:
European Parliament PRIIPs vote leaves no room for relaxation
Draft legislation for the implementation of the PRIIPs Regulation was rejected by Members of the European Parliament today. The unusual move throws doubt on the implementation timetable but does not in itself reduce industry pressure to prepare for compliance by 31 December 2016 as the timeline of the regulation remains in force. While the vote has invited speculation that delaying PRIIPs would be a natural next step, any delay would result in PRIIPs arriving as firms prepare for MiFID II. As such, today’s decision leaves no room for firms to relax their PRIIPs compliance efforts.
ECON Committee of the European Parliament has voted this morning to object to the PRIIPs Level 2 RTS, but PRIIPs regulation still stands.
MEPs voted to object to the PRIIPs Level 2 RTS but the PRIIPs regulation timeline remains in force.
Nominate SIX for three Data Management Review Awards
Closing on 26 August - We look forward to your nominations in data and regulatory services:
SIX Financial Information wins “Best Compliance Solution” award for innovative sanctions service
For the past 15 years, the annual Systems in the City Awards has been organized by Goodacre to recognize industry excellence in market and reference data, as well as data management solutions. This year, SIX Financial Information was recognized for its Sanctioned Securities Monitoring Service
SIX Financial Information wins seventh consecutive corporate actions award
Zurich, Switzerland – SIX Financial Information wins Best Corporate Actions Data Provider for the seventh year in a row at this year’s Inside Reference Data and Inside Market Data Awards.
SIX one-stop service eases compliance for new PRIIP investor protection rules
The service allows manufacturers and distributors of Packaged Retail and Insurance-Based Investment Products (PRIIP) to create, maintain, and share documents for retail investors on demand.
SIX Financial Information receives five nominations for Inside Reference Data Awards
SIX Financial Information has been nominated for five Inside Market Data and Inside Reference Data Awards 2016 including Best Reference Data Provider and Best Corporate Actions Data Provider.