Europe
IDD to be pushed back 7 months
The European Commission is to push back the Insurance Distribution Directive (IDD) by seven months to 1 October 2018.
Gibraltar launches blockchain regulatory first
Gibraltar has launched the world’s first regulatory framework for blockchain technology.
Mifid II to boost Europe’s passive funds over active funds
Europe’s passive funds will be given a boost in 2018 at the expense of active funds thanks to Mifid II’s drive for transparency on costs, according to research firm Cerulli Associates.
‘First of its kind’ trust set up for politician
Trust lawyers acting for a colourful Italian mayor have set up an innovative blind trust for his businesses, which include Italy’s leading basketball team.
Leading industry authority warns Priips rules misleading
The European Fund and Asset Management Association (Efama) is urging regulators to work with the industry to rectify “serious issues” in new rules, due to come in to force in January 2018, that are designed to enhance investors’ understanding of retail investment products.