Regulation

More than eight out of ten institutional asset managers will wait until the fourth quarter of 2017 to comply with MiFID II rules concerning the unbundling of research, according to a new survey by research aggregator RSRCHXchange.

With the January 2018 deadline for MiFID II implementation only six months away, alternative asset managers are still uncertain about how the new regulations will impact them and more than a third have yet to decide how they will be paying for research, according to a new survey from AIMA.

Adele RentschU.S. investment managers need to think seriously about how tough new U.K. conduct rules for senior staff could affect their employees in the United States, explain AIMA's Adele Rentsch and Michelle Noyes in this contributed article, and take the appropriate steps now to understand who among their senior executives might be impacted.

In a largely symbolic move, the U.S. House of Representatives voted on Thursday to reverse key portions of the Dodd-Frank Wall Street Reform And Consumer Protection Act, delivering on one of the Republican Party’s core platform promises during last year’s presidential election.

The U.S. Securities and Exchange Commission is reportedly going to hire Ropes & Gray LLP attorney Dalia Blass to lead the regulator’s Division of Investment Management, the unit responsible for regulating mutual funds, private equity companies, ETFs, hedge funds and registered investment advisors. 

Global institutional brokerage company Instinet has rolled out a new provider-neutral application within its Plazma research and commission management platform that will allow investment managers to review, edit and confirm assessment information about research and seamlessly authorize payments.

China will lift a two-year suspension on foreign funds raising money in the country to invest overseas as early as June, according to a Reuters report. Resumption of the nation's Qualified Domestic Limited Partnership (QDLP) program, which was informally suspended in 2015 amid severe swings in China's equity markets, would be widely viewed as a sign Beijing is less anxious about capital outflows.

As due diligence, anti-money laundering and know-your-client procedures increase around the world, fund administration software company KOGER has enhanced its KOGER Universal Regulatory Engine (KURE) software with new functionality focused specifically on the management of risk-based compliance.

Bharat Ramamurti, a legislative aide for Democratic Senator Elizabeth Warren, is reportedly a contender for one of the vacancies on the U.S. Securities and Exchange Commission, according to a Reuters report citing unidentified individuals familiar with the matter.

Citadel Securities has named former U.S. Securities and Exchange Commission Trading and Securities Division director Stephen Luparello as the firm’s new general counsel.