Duncan Stewart, CFA

Vanguard has introduced an actively managed equity income fund that gives exposure to UK stocks. Investment decisions for the Vanguard Active UK Equity fund, which has a 0.45% fee, are made by subadvisers Marathon Asset Management and Baillie Gifford. Investment Week (UK) (15 Oct.)

If Brexit occurs without a transition agreement, UK financial-services firms could end up in regulatory limbo as EU regulation ceases but the UK hasn't enacted legislation to fill the void. The UK government is working on legislation to provide a partial fix, but it is unclear whether the move will succeed because Prime Minister Boris Johnson doesn't have a working majority in Parliament. MLex (subscription required) (16 Oct.)

Best-execution reporting requirements under the EU's revised Markets in Financial Instruments Directive aren't delivering intended benefits because different formats make analysis and comparison difficult, executives say. Regulators must put forth a standard template to allow better comparison of reports, says Alex Wolcough of Appsbroker Fintech. Practice Insight (16 Oct.)