Publication
GCR Guide to Data & Antitrust – Competition law and data
Miranda Cole and Francesco Salis from our Brussels office are the authors of a chapter on the evolving view of data in the application of competition law.
Australia | Publication | July 30, 2019
ASIC published a media release today, 30 July, in which it indicated it has requested that exchange market operators do not admit any managed funds that do not disclose their portfolio holdings daily, and which have internal market makers. Existing actively managed exchange traded funds, as well as other investment products that do not use internal market makers, are not impacted by this announcement. The purpose of the pause on new admissions is to enable ASIC to undertake a review for the remainder of the calendar year of the regulatory framework applicable to exchange traded managed funds that use internal market makers.
Funds adopting the internal market making model are usually actively managed funds and are estimated to represent approximately 6% of exchange traded products by funds under management. The review follows ASIC having identified the following material changes in the market for exchange traded managed funds:
ASIC has indicated that the pause on new admissions of these kinds of funds (including funds’ admission applications that are currently being considered) is effective until further notice. As part of its review, ASIC has indicated that there will be an opportunity later this year for industry to participate in a consultation. The findings from the review and consultation process will inform ASIC’s next steps in respect of the applicable regulatory framework. Please contact us if you have any questions about the potential future direction of these regulatory settings.
Publication
Miranda Cole and Francesco Salis from our Brussels office are the authors of a chapter on the evolving view of data in the application of competition law.
Publication
Miranda Cole, Lara White and Christoph Ritzer from our Brussels, London and Frankfurt offices are the authors of a chapter on how the interplay between competition and privacy law is affecting online advertising.
Publication
Unannounced inspections by competition authorities, usually called “dawn raids”, are undoubtably one of the most efficient tools for collecting evidence and enforcing competition rules. They are also an area where investigators test (and sometimes exceed) the boundaries of companies’ procedural rights.
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