FundGlobam Monthly Market Monitoring May 2019 edition reported 62 relevant events out of a 253 events collected.
Europe’s contribution is the most important share with a total of 72% collected events; 9.5% from Asia-Pacific, 12.3% from Middle East Africa and 6.7% from America.
Regulatory aspects have been highlighted principally in Austria, Belgium, Czech Republic, Germany, Denmark, Finland, France, Croatia, Ireland, Latvia, Luxembourg, Netherlands, Sweden, the UK, Iceland, Norway, Isle of Man, Jersey, Australia, China, Hong Kong, Singapore, Canada (Quebec), Israël, as well as regulatory changes provided by the European Securities and Market Authority (ESMA).
Statistics and data have been mainly published by Belgium, Cyprus, Czech Republic, Germany, Spain, Finland, Ireland, Luxembourg, Portugal, Liechtenstein, Norway, Guernsey, Mauritius as well as statistics provided by the European Fund and Asset Management Association (EFAMA) and the European Banking Authority (EBA).
Some news to be highlighted:
- The UK FCA confirmed the extension of the Temporary Permission Regime deadline to the end of October
- The cooperation between Nordic and Baltic financial supervisors (Denmark, Estonia, Finland, Iceland, Latvia, Lithuania Norway and Sweden) to strenghten cross-border cooperation on anti-money laundering.
- MoU: The Dutch Authority for the Financial Markets (AFM) and the Securities and Futures Commission (SFC) have entered into a Memorandum of Understanding on Mutual Recognition of Funds (MRF).
- The Quebec AMF published new regulation governing alternative distribution methods, in particular the distribution via the Internet
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The 2019 edition of FundGlobam Monthly Market Monitoring is reaching a scope of 72 markets covered:
Asia Pacific (APAC):
Australia, China, Hong Kong, Japan, Macau, Malaysia, New Zealand, Singapore, South Korea, Thailand, and Taiwan
European Union (EU):
Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, UK and the European Securities and Market Authority (ESMA)
European Economic Area (EEA):
Iceland, Liechtenstein and Norway
Other Europe:
Andorra, Guernsey, Isle of Man, Jersey, Monaco, San Marino and Switzerland
North America (NAM):
Canada Ontario and Quebec
Latin America (LAM):
Bahamas, Bermuda, British Virgin Islands, Cayman Islands, Chile, Colombia, Mexico, Panama, Peru and Uruguay
Middle East-Africa (MEA):
Bahrain, Dubai, Israel, Kuwait, Mauritius, Oman, Qatar, Saudi Arabia, United Arab Emirates, and South Africa