ESMA reminds UK investment market of the MiFID II reverse solicitation rules | Bryan Cave Leighton Paisner
To embed, copy and paste the code into your website or blog: ESMA has issued a stark reminder that reverse solicitation, where it can be used, has to be carefully managed and documented, and is an area of regulatory scrutiny and focus. This short note also takes stock on the EU27 market access impact of full-scope UK AIFMs that become non-EEA AIFMs on Brexit. The UK withdrew from the EU and the EEA on 31 January 2020. Following its withdrawal, the UK entered a transition period until 31 December 2020, during which EU law continued to apply in the UK. On 24 December 2020 the UK and the EU anno...
Source: jdsupra.com