Legal & Regulation

The Cayman Islands Government signed its 31st Tax Information Exchange Agreement (TIEA) with the Republic of Brazil on 19 March. »

ASIC has released a report and a consultation paper examining the impact of dark liquidity and high-frequency trading on Australia's financial markets. »

The Cayman Islands Government is to adopt a Model 1 intergovernmental agreement (IGA) in response to the US Foreign Account Tax Compliance Act (FATCA). »

Jersey remains on track to meet the requirements of the EU Alternative Investment Fund Managers Directive (AIFMD) and will introduce new fund regulations in April. »

The Court of Appeal of the Eastern Caribbean Supreme Court on 11 March handed down an important ruling on the question of where investors stand in the “waterfall” of distributions in the liquidation of investment funds under British Virgin Islands law. »

Law firm Walkers’ hedge fund team has been named top provider of offshore legal services by readers of Hedgeweek, one of the key publications serving the hedge funds and alternative investment industry. »

Drooms has launched AIFMD/command, a virtual data room solution for the large number of fund managers who are lacking the resources to comply with the incoming reporting obligations under the Alternative Investment Fund Management Directive. »

The founding partners of Orical have launched Reliance Hub, which assists private fund managers and other companies in maintaining compliance and operational programmes that represent industry best practices. »

The Cayman Islands Monetary Authority (CIMA) has given the stamp of approval to Cayman's newest independent director services provider, Fund Fiduciary Partners. »

The Isle of Man Government has set a new standard in tax transparency by agreeing the main details of an automatic information exchange package with the UK. »