Legal & Regulation

Cayman Islands

DMS report identifies the seven deadly myths of FATCA

The Cayman Islands funds industry is living in a state of ‘suspended disbelief’ concerning its response to the Foreign Tax Compliance Act (FATCA), according to a new report from DMS Offshore Investment Services. »


Regulation

CTA/CPO capital requirements – More harm than good?

In late January 2014 the National Futures Association (NFA) announced to its membership they were: “…reviewing the current regulatory structure applicable to Commodity Pool Operator (“CPO”) and Commodity Trading Advisor (CTA) operations. In particular, NFA is looking at ways to strengthen the regulatory structure governing CPO operations to provide greater protection for customer funds… [and] exploring ways to ensure that CPOs and CTAs have sufficient assets to operate as a going concern.”  »


Regulation

Investment managers and portfolio management vendors facing new regulatory challenges

Technology vendors in Europe are investing heavily in the development of portfolio management and accounting systems to help buy-side asset management clients navigate new regulatory requirements. »


Clock

Investors won't be engaged in AIFMD considerations by 2015, say fund managers

More than 50 per cent of fund managers, prospective clients and consultants attending a recent Northern Trust seminar on the European Union's Alternative Investment Fund Manager Directive (AIFMD) said they believed investors would still not be engaged in AIFMD considerations by December 2015. »


Information sign

FCA grants AIFMD reprieve

Andrew Lowin, Technical Director of Consulting at Kinetic Partners, comments on the FCA’s decision to give UK AIFM’s a reprieve on capital requirements under the AIFMD… »


Accounts

SGSS launches AIFMD reporting package for asset managers

Societe Generale Securities Services (SGSS) has launched an Alternative Investment Fund Managers Directive (AIFMD) reporting package for asset managers and their funds. »


Gibraltar

Gibraltar is key to easing AIFMD concerns, says Helvetic

With just five months until the deadline for complying with the Alternative Investment Fund Managers Directive (AIFMD), hedge fund administrators are reporting that up to a fifth of fund managers are still not prepared. »


Ireland flag

Central Bank of Ireland confirms approach to passporting of MiFID-type services

The Central Bank of Ireland has confirmed that it will, with immediate effect, recognise the ability of authorised alternative investment fund managers (AIFMs) to passport the services described in Article 6(4) of the alternative Investment Fund Managers Directive (AIFMD). »


US flag

INDOS Financial launches AIFMD depositary-lite solution for US hedge fund managers

INDOS Financial, the first independent UK authorised depositary specialising in hedge funds, is planning to offer a depositary-lite solution to US and other non-EU hedge fund managers. »


Regulation

Regulatory change slowing growth among financial services firms, says SunGard

Regulatory change is second only to market volatility as an executive issue for financial services firms, according to research by SunGard. »


Upcoming events

Upcoming training

Mon, 12/05/2014 (All day) - Dubai
Tue, 13/05/2014 (All day) - Dubai