Spring 2018: This report presents our comment letters to regulators regarding capital markets and investment issues and includes our remarks on regulations and regulatory proposals that we deem important. It also provides examples of content that elucidate our position and outlook on these matters.
Investment research is set to change dramatically in Europe. Under MiFID II, brokers will have to establish a price for investment research separately from execution services. This report, based on a survey of members in Europe, explores expectations of buy-side professionals regarding these issues.
In March we issued multiple comment letters and reports to protect investors, including in Hong Kong on shareholder voting rights; in the EU on the European Securities and Markets Authority (ESMA) Prospectus Regulation; and in the United States on system risk, materiality issues, and fiduciary duty.
Financial Reporting Requirements & Issues
Auditing Requirements & Practices
Investment Products & Services
Financial Market Regulation
- Analyst Ethics
- Analyst Research Process
- Automated Advisors
- Business Continuity Plans for Advisers
- Commission-Based Advice
- Conflicts of Interest
- Credit Rating Agencies (CRAs)
- Elements of Effective Regulation
- Expanded SEC Examination Program for Advisers
- Fiduciary Duty
- Market Rules Covering Individuals, Firms & Trading Markets
- MiFID Conduct-of-Business Rules
- Payment for Investment Research
- Regulatory Capture
- Systemic Risk
Asset Management Firm Issues