The European Commissionโs draft Solvency II Delegated Regulation is a major step toward reshaping Europeโs prudential framework. While supportive of its ambition, Insurance Europe has stressed that improvements are needed in three critical areas: Reducing volatility:ย avoid artificial swings in solvency ratios by refining the volatility adjustment and interest rate risk Read more…
Last month, we published an article discussing the 2025 draft Solvency II Delegated Regulation and what the proposed reforms could mean for asset managers and insurers. The deadline to submit feedback to the European Commission on the draft regulation is next week (5 September 2025). We encourage stakeholders to share Read more…
In recent years, the boundaries separating retail and institutional investment access have begun to blur. Amid a persistent lower-yield environment, retail investors have shown growing demand for the higher return potential offered by private markets, including private equity, private debt, infrastructure, digital assets, and real estate funds. This demand is Read more…
The European Commission has released its draft Solvency II Delegated Regulation, introducing a significant revision to Solvency IIโs framework by aiming to unlock insurer capital for long-term investment, enhance proportionality, and align the regime with Directive (EU) 2025/2. While the draft is still under consultation, it sends a clear signal. Read more…
The Financial Conduct Authority (FCA) has launched a beta version of its newly redesigned Handbook, marking a significant step forward in its broader strategy to become a more agile, tech-enabled regulator. The new platform is designed to make regulatory content easier to access, navigate, and understand; a welcome change for Read more…
At iQuant Solutions, we understand the complex landscape of regulatory reporting that asset managers, private equity firms, and insurance companies navigate daily. The volume and disparate nature of reporting obligations often result in significant operational challenges, increased costs, and ongoing compliance risks. It is within this context that we welcome Read more…
Today, the U.S. Securities and Exchange Commission (SEC) voted to extend the compliance date for the February 8, 2024 Form PF amendments to October 1, 2025, contingent on corresponding action by the Commodity Futures Trading Commission (CFTC), which is expected to vote on this soon. This joint extension, once confirmed, Read more…
As a London-based firm with a global presence, we understand the rapidly changing reporting challenges facing investment managers and insurance companies. The adoption of crypto-assets and algorithmic tools like robo-advisors is accelerating, driving a wave of regulatory transformation. Compliance today is no longer about meeting static rulesโitโs about anticipating dynamic, Read more…
Two weeks ago, we reminded private fund managers that the extendedย Form PF compliance deadline (June 12, 2025)ย was fast approaching. Many have spent the past year preparing for XML schema updates, expanded data fields, and new reporting requirements. Yet with only two weeks left prior to the implementation deadline, the industry Read more…
The SEC and CFTCโs extended compliance date (June 12, 2025) for the recent Form PF amendments is now only one month away. This extension provided additional time for private fund advisers to implement the necessary operational and technological changes required under the updated Form PF reporting framework. ๐๐ฒ๐ ๐๐ต๐ฎ๐ป๐ด๐ฒ๐ ๐๐ผ Read more…
The European Supervisory Authorities (ESAs) have released an updated version of their consolidated Q&As on the PRIIPs Key Information Document (KID), dated 5 May 2025. Regular updates to the Q&As ensure that market participants are provided with clear guidance on requirements. This update introduces clarifications affecting packaged retail and insurance-based Read more…
On 15 April 2025, the European Securities and Markets Authority (ESMA) published its final report on the Guidelines for Liquidity Management Tools (LMTs) of UCITS and open-ended Alternative Investment Funds (AIFs), along with draft Regulatory Technical Standards (RTS).ย These updates are part of the broader AIFMD II and UCITS Directive amendments Read more…
On April 9, 2025, the European Securities and Markets Authority (ESMA) released its Final Report on the Common Supervisory Action (CSA) concerning ESG disclosures under the EU Benchmarks Regulation (BMR). Conducted alongside national regulators, the report evaluates how benchmark administrators are applying the BMRโs ESG disclosure requirementsโand offers insights that Read more…
The Securities Exchange Committee (SEC) has issued a joint statement with the Commodity Futures Trading Commission (CFTC) to extend the required date of compliance with upcoming changes to Form PF. Impacted firms will now have until 12 June, 2025 to comply with the amendments. ๐๐บ๐ฝ๐ฎ๐ฐ๐๐ฒ๐ฑ ๐ณ๐ถ๐ฟ๐บ๐ The changes affect SEC-registered Read more…
As we head into 2025, asset managers and insurance investment firms face a landscape shaped by evolving regulations and new reporting requirements. Weโll be watching several key factors likely to influence their operations and strategic decisions. Investment Data Transparency: There’s growing emphasis on improving transparency in investment data, including ESG, Read more…
Announcing Our New U.S. Subsidiary: Bringing Fresh Perspectives and Localized Expertise to the U.S. We are thrilled to announce the opening of our new U.S. subsidiary, marking a major milestone in our journey to serve clients in the asset management, insurance, and finance industries. For years, our firm has specialized Read more…
As the new rules of the Form PF amendments will come into force on March 12, 2025, the FINRA (โFinancial Industry Regulatory Authorityโ) has published an early draft of the new Form PF XML schema, including a sample XML file. The draft can be found under the following link: https://iard.com/future-pfrd-releases. Read more…
FinDatEx has released TPT V7 for public consultation, open until October 15th, 2024. This latest version brings key updates, including new fields for expected maturity dates and enhanced representation of Payment in Kind (PIK) features, among other important changes. These improvements are especially significant for GPs and LPs managing private Read more…
On February 8, 2024, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) jointly adopted amendments to Form PF. Form PF is a reporting form similar to the European AIFMD Annex IV used by SEC-registered private funds such as hedge funds or private equity funds. The Read more…
Last week the European Parliament voted on the proposal for the modernisation of the key information document. This means significant changes in the PRIIPs KIDs regulation are on their way. The main target of the regulators is to strengthen the comparability between different products for retail investors as well as Read more…
It is commonly known that the UCITS KIIDs need to be updated every year within the first 35 business years of every new year. Last year the PRIIPs KID replaced the UCITS KIID, but same as before, also the PRIIPs KID needs an annual update according to the regulation. There Read more…
Last week ESMA published an update on the proposed guidelines on fundsโ names using ESG or sustainability-related terms. The goal of this upcoming regulation is to further avoid greenwashing of fund investments. As many funds are using ESG-related fund names, the regulators aim to provide clear rules for the usage Read more…
After the 2008 financial crisis, where ABS securitisations had a major impact on the market downturns, several new regulations were implemented to avoid unpredictable risks. Overall, this led to significant volume drops in the securitisation market. With the first introduction of Solvency II, the regulation divided securitisations into 3 categories Read more…
Infrastructure investments have become an increasingly attractive asset class for insurance companies operating under the Solvency II regulation. Solvency II, implemented in 2016, aims to standardize and strengthen the regulation of insurance and reinsurance companies within the European Union (EU). It introduced a risk-based approach, emphasizing the need for insurers Read more…
Last week ESMA published an update of the AIFMD Q&A which contains a new section called XVI โExemptionsโ.
FinDatEx has published the draft European MiFID Template (EMT) V4.1 for public consultation that covers the new requirements under the UK Consumer Duty regulation.