SLIDE 1
Documentation/Legal
- Prospectus Regulation (PD III / CMU) – Summary / differential disclosure for QI-only
deals (€100k denomination)? Max 5 risks in summary? Categorise risks into 3 tiers? Succinct prospectus? Third country issuer representative? Prospectus/summary purpose?
- PRIIPs (Packaged retail and insurance-based investment products) [Jan 2017] – KID
purpose, liability, content (SRIs...)?
- Benchmarks – LIBOR/EURIBOR reform (contractual continuity?)
- Bail-in recognition [Jan 2016]– BRRD Art.55 language
- Coco restrictions – Measures to prevent retail access
New issue processes / Compliance
- MiFID II [Date?] - Individual allocation justification recording? Product governance?
- New issue processes (other) – UK FEMR, FMSB, UK FCA competition study
- Market Abuse Regulation (MAD II) [July 2016] – Stabilisation (“details” publication within
7 days?) and pre-sounding Other
- Automation – Issuenet (Investor Access), MiFID II secondary transparency, blockchain,
etc?
- Revamped ICMA Primary Market Handbook [Sep 2015]- Mainly cosmetic, but covered