tailieunhanh - Asset Management Group 2012/2013: Challenging years for European asset managers

Europe's strength lies in the interconnection of our economies. The single market and the common currency have driven this forward, and the integrated economic policy making at the European level through the European semester is now drawing our economies together as never before. However, the crisis has shown that the single market for financial services can only deliver financial stability, economic growth and jobs if it is matched with a strong single regulatory and supervisory authority at EU level. The next step must be to deepen economic and monetary union with a fully-functioning banking and fiscal union | ALLEN OVERY October 2012 Asset Management Group 2012 2013 Challenging years for European asset managers EDITORIAL European asset managers face significant regulatory challenges in the remainder of 2012 and in 2013. The impact of new regulation will be substantial and will cause upheaval and change in the sector. Allen Overy s Asset Management Group has summarised European and US areas of regulation that will impact European asset managers looking at the policy behind each timelines for its implementation business models in scope and most importantly the potential impact on your business. Links to more detail are included in each section. 1 Contents Introduction 3 European regulation 4 Alternative Investment Fund Managers Directive AIFMD European Markets Infrastructure Regulation EMIR UCITS IV V Potential VI Directives Markets in Financial Instruments Directive II MiFID II Solvency II US regulation 14 Commodity Exchange Act - CPO and CTA Registration and Reporting Requirements Investment Advisers Act of 1940 - Registration and Reporting Requirements Section 619 of the Dodd-Frank Act aka the Volcker Rule Dodd-Frank Act - Designation of Systemically Important Financial Instiutions SIFIs Securities Exchange Act of 1934 - Large Trader Reporting 2 2012 2013 Challenging years for European asset managers - October 2012 Introduction Covered in this bulletin are European Regulation US Regulation - Alternative Investment Fund Managers Directive - European Markets Infrastructure Regulation - UCITS IV V Potential VI Directives - MiFID II Directive - Solvency II - Commodity Exchange Act - CPO and CTA Registration and Reporting Requirements - Investment Advisers Act - Registration and Reporting Requirements - Dodd-Frank Act - Volcker Rule - Dodd-Frank Act - Designation of Systemically Important Financial Institutions - Securities Exchange Act - Large Trader Reporting For further information on regulatory change affecting the asset management

• Quỹ đầu tư
• institutional ownership
• provides evidence
• Thermoplastic Matrix
• Towpregs
• Wood Plastic
• Curing Monitoring
• Institutional and block holder ownership
• Audit quality of listed manufacturing firms in Nigeria
• Listed manufacturing firms
• Block holder ownership
• Several financial scandal
• Energy companies
• Operating leverage
• Firm value
• Firm performance
• Gas mining companies in Indonesia