James Langton
It’s now easier for mutual fund reps to qualify to sell alternative mutual funds under relief granted by the Canadian Securities Administrators (CSA) today.
The CSA issued blanket relief that expands the list of courses that allow fund reps to sell liquid alt funds in an effort to reduce barriers for reps and investors.
In a notice, the CSA said that mutual fund reps have “experienced challenges meeting the mandatory proficiency requirements for distributing alternative mutual funds” under the existing rules that were intended to expand investors’ access to alt funds.
“As a result, investor access to alternative mutual funds has been limited,” the CSA said.
James Langton
It’s now easier for mutual fund reps to qualify to sell alternative mutual funds under relief granted by the Canadian Securities Administrators (CSA) today.
The CSA issued blanket relief that expands the list of courses that allow fund reps to sell liquid alt funds in an effort to reduce barriers for reps and investors.
In a notice, the CSA said that mutual fund reps have “experienced challenges meeting the mandatory proficiency requirements for distributing alternative mutual funds” under the existing rules that were intended to expand investors’ access to alt funds.
“As a result, investor access to alternative mutual funds has been limited,” the CSA said.
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This primer was first published in March 2020 and has been updated to reflect recent developments
The Securities Financing Transactions
Regulation (SFTR) is the EU’s answer to the Financial Stability Board’s policy
framework for addressing shadow banking risks in securities lending and repo.
The regulation is centred largely on transaction reporting, and impacts firms
in the EU and beyond.
What is SFTR?
First proposed in 2014, SFTR came as a
response to the Financial Stability Board’s (FSB) review of shadow banking
following the 2007-8 crisis. Its goal is to enhance transparency and keep track
of the risks associated with the securities market – the “last bastion