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MiFID II / MIFIR regulation

On 7 June 2016, the deferral of the effective date of the MIFID 2 and the MIFIR by one year was officially adopted in Parliament plenary session, date which is now set for 3 January 2018.

On 7 June 2016, the deferral of the effective date of the MIFID 2 and the MIFIR by one year was officially adopted in Parliament plenary session, date which is now set for 3 January 2018. In the meantime, the European Commission has adopted several delegated acts constituting level 2 measures of these two texts, as follows:

  • With regard to MIFID2, a delegated directive (on 7 April 2016) relative notably to the safeguarding of assets belonging to clients, product governance obligations, and monetary and non-monetary benefits, together with a delegated regulation (on 25 April 2016) with its principal component being the decision of the Commission to extend the application of the rules of governance and declaration of products to clients, UCITS management companies, and alternative investment fund managers.
  • With regard to MIFIR, a delegated regulation (on 16 May 2016) relative to the rules for determining liquidity for equity instruments.

Between May and July 2016, the European Commission moreover adopted 30 Technical Standards (29 RTS and 1 ITS) under other level 2 measures. The Regulatory Technical Standards related principally to the organisational requirements applicable to trading platforms, the transparency rules applicable to these trading platforms and investment firms, and the requirements for reporting to the regulators. The Implementing Technical Standard (ITS19) related to the operation of the MTF and OTF platforms.

May
2017
QNB Suisse SA appoints SGSS in Ireland for its pioneer UCITS-compliant umbrella fund
QNB Suisse SA, a subsidiary of Qatar National Bank, has selected SGSS in Ireland to help establish and support QNB...
Fund Distribution Services
QNB Suisse SA, a subsidiary of Qatar National Bank, has selected SGSS in Ireland to help establish and support QNB Global Funds ICAV, its European UCITS-compliant umbrella fund.
en/newsroom/news/news/news/qnb-suisse-appoints-sgss-ireland-for-its-pioneer-ucits-compliant-umbrella-fund/
May
2017
French national pension fund for the self-employed appoints Societe Generale Securities Services for custody services
Following a public tender, CNAVPL*, the French national pension fund for self-employed professionals, representing a...
Apr
2017
SGSS innovates with Euronext to provide a new fund investment solution
SGSS is contributing to an innovative model, Euronext Fund Service, to facilitate investments in funds for domestic and...
Fund Administration and Asset Servicing
SGSS is contributing to an innovative model, Euronext Fund Service, to facilitate investments in funds for domestic and international investors.
en/newsroom/news/news/news/sgss-innovates-with-euronext-provide-new-fund-investment-solution/
Apr
2017
Fighting poverty and striving for women empowerment
Mar
2017
SGSS strengthens its coverage team across Southern Europe
SGSS has appointed Lucrezia Brucoli as Head of Coverage to support business development across Southern Europe.
Appointments
SGSS has appointed Lucrezia Brucoli as Head of Coverage to support business development across Southern Europe.
en/newsroom/news/news/news/sgss-strengthens-its-coverage-team-across-southern-europe/
Feb
2017
Quarterly Financial Information
2016: HEALTHY GROWTH IN GROUP NET INCOME
Results
2016: HEALTHY GROWTH IN GROUP NET INCOME
en/newsroom/news/news/news/quarterly-financial-information-2/
Jan
2017
SGSS in Italy launches Synapse, a new service to support fund distribution
Societe Generale Securities Services in Italy (SGSS S.p.A.) launches SYNAPSE, a new service to support fund distribution...
Jan
2017
SGSS strengthens its Coverage, Marketing and Solutions team
SGSS has appointed Matthew Davey as Managing Director and Head of Business Solutions to reinforce its service offering...
Appointments
SGSS has appointed Matthew Davey as Managing Director and Head of Business Solutions to reinforce its service offering for institutional investors, asset managers, financial intermediaries and corporates.
en/newsroom/news/news/news/sgss-strengthens-its-coverage-marketing-and-solutions-team/
Dec
2016
Altana Wealth Limited selects SGSS in Ireland for its UCITS fund structure
Altana Wealth Limited in the United Kingdom has appointed Societe Generale Securities Services (SGSS) in Ireland to...