Sign up for free newsletter

 

Legal & Regulation

Financial burden

Hedge funds delaying the inevitable by not embracing AIFMD, says Helvetic

Tue, 22/10/2013 - 06:02

Hedge funds avoiding the new Alternative Investment Fund Management Directive (AIFMD) framework due to concerns over increased compliance costs are delaying the inevitable, says Helvetic Fund Administration. »

Kevin Stewart, Guernsey’s Commerce and Employment Minister

CISX publishes guidance for current and potential issuers

Thu, 17/10/2013 - 17:30

On Monday 14 October, the Channel Islands Stock Exchange (CISX) announced to members that certain of its historic activities have been under investigation by the Guernsey Financial Services Commission (GFSC). »

Gavel and scales

CFTC files and settles CDS charges against JPMorgan Chase Bank

Thu, 17/10/2013 - 12:31

The US Commodity Futures Trading Commission (CFTC) has issued an Order against JPMorgan Chase Bank bringing and settling charges for employing a manipulative device in the trading of credit default swaps (CDS). »

John Moulton, CISX

CISX confirms regulatory investigation and closes to new business

Tue, 15/10/2013 - 12:48

The Channel Islands Stock Exchange (CISX) has for the last 20 months been subject to a Guernsey Financial Services Commission (GFSC) investigation into certain historic activities, according to CISX Chairman Jon Moulton. »

Paperwork

Hedge funds addressing new regulatory hurdles, says Deutsche Bank study

Fri, 11/10/2013 - 14:05

Hedge funds are adopting a wait-and-see approach to compliance with regulation due to the complexity of workload involved, according to a study by Deutsche Bank. »

Regulation

Some key EU markets ‘gold plating’ AIFMD, says AIMA/EY survey

Fri, 11/10/2013 - 12:36

Some key European markets are “gold-plating” the marketing requirements for legacy national private placement regimes (NPPR) over and above those required by the Alternative Investment Fund Managers Directive (AIFMD). »

Tax

Sapient Global Markets launches FATCA compliance suite

Wed, 09/10/2013 - 14:38

Sapient Global Markets has launched a suite of software and services to help companies meet the new requirements of the US Foreign Account Tax Compliance Act (FATCA). »

Andrew Baker, AIMA chief executive

AIMA publishes updated guide to sound practices for hedge fund valuation

Wed, 09/10/2013 - 14:02

The Alternative Investment Management Association (AIMA), the global hedge fund industry association, has updated its Guide to Sound Practices for Hedge Fund Valuation. »

Numbers and magnifying glass

ESMA guidelines make risk stats mandatory requirement for AIFMD reporting

Mon, 07/10/2013 - 12:00

Investor Analytics sees ESMA’s recently updated guidelines as firmly placing risk statistics like value-at-risk and sensitivity analysis as mandatory requirements for AIFMD reporting. »

Swiss flag

FINMA investigating possible manipulation of foreign currency exchange rates

Mon, 07/10/2013 - 10:12

FINMA, the Swiss financial regulator, is currently conducting investigations into several Swiss financial institutions in connection with possible manipulation of foreign exchange markets. »

Magnifying glass

Kinetic Partners offers background checks on fund managers

Mon, 07/10/2013 - 06:01

Kinetic Partners is now offering a global background checking service to complement its investor led fund, fund manager and service provider operational due diligence (ODD) services. »

Steven Maijoor, ESMA chair

ESMA clarifies reporting requirements for alternative fund managers

Tue, 01/10/2013 - 16:02

The European Securities and Markets Authority (ESMA) has published final guidelines on the reporting obligations for alternative investment fund managers (AIFMs). »

Fiona Le Poidevin, chief executive of Guernsey Finance

Guernsey event to look at practical aspects of AIFMD implementation

Mon, 30/09/2013 - 06:04

Funds experts will examine Guernsey’s approach to the EU’s Alternative Investment Fund Managers Directive (AIFMD) at an event in London this November. »

Jessica Roland, Guernsey managing partner, Mourant Ozannes

Mourant Ozannes leads the field in the offshore market

Fri, 27/09/2013 - 16:02

Mourant Ozannes continues to lead the field in the offshore market, according to the latest rankings published by Legal 500 UK. »

Fabrice Cuchet, Dexia Asset Management

The AIFMD will not alter the success of UCITS, says Dexia's Fabrice Cuchet

Mon, 23/09/2013 - 17:19

For European asset management firm Dexia Asset Management, there’s no immediate hurry to become compliant under the newly introduced AIFM Directive. »

Gavel

SEC charges 23 firms with short selling violations

Tue, 17/09/2013 - 17:41

The Securities and Exchange Commission has launched enforcement actions against 23 firms for short selling violations. »

China flag

China to allow hedge funds to raise money and invest overseas

Sun, 15/09/2013 - 23:34

Six hedge fund groups are to be allowed to raise up to USD50m each in China and invest it overseas, according to an unconfirmed report in the 21st Century Business Herald, a local newspaper. »

David Cameron

Crown Dependencies and Overseas Territories are not tax havens, says Cameron

Thu, 12/09/2013 - 14:00

The UK Prime Minister, David Cameron, has stated that he does not think it fair to refer to Jersey, Guernsey and other UK Crown Dependencies and Overseas Territories as tax havens. »

EU flag

EC's proposed regulatory changes would have ‘far-reaching’ impact of MMFs

Thu, 12/09/2013 - 12:27

Money market fund (MMF) regulation proposed by the European Commission on 4 September, if adopted, would have far-reaching implications for the EUR1trn MMF industry and cash investors, according to Fitch Ratings… »

EU flag

ICI Global welcomes EU Council’s legal concerns over financial transaction tax

Wed, 11/09/2013 - 12:06

Keith Lawson, ICI Global Senior Counsel, Taxation, comments on the Council of the European Union Legal Service opinion regarding the current Financial Transaction Tax proposal under consideration by some EU member countries… »

Risk

Hedge funds pose no systemic risk to financial system, says ASIC report

Tue, 10/09/2013 - 14:05

Australian hedge funds do not currently pose a systemic risk to the Australian financial system, according to the finding of an ASIC report. »

Risk

CFTC publishes Concept Release on risk controls for automated trading environments

Mon, 09/09/2013 - 18:08

The CFTC has approved for publication in the Federal Register a Concept Release on Risk Controls and System Safeguards for Automated Trading Environments. »

Email sign

Murano helps funds and investors comply with AIFMD reverse solicitation process

Mon, 09/09/2013 - 10:04

Murano’s Chromic Reverse Solicitation Process (Chromic RSP) enables investors and fund managers to comply with the AIFMD reverse solicitation conditions. »

Kathleen Casey, chair, AIMA

AIMA publishes enhanced statement of principles

Thu, 05/09/2013 - 14:24

The Alternative Investment Management Association (AIMA), the global hedge fund industry association, has published an enhanced statement of policy principles. »

Regulation

ESMA advises Commission on equivalence of non-European derivatives rules

Wed, 04/09/2013 - 14:15

The European Securities and Market Authority (ESMA) has published its advice to the European Commission on the equivalence of the regulatory regimes for OTC derivatives clearing, central counterparties (CCPs), and trade repositories (TR) of non-EU countries with the European Markets Infrastructure Regulation (EMIR). »

Approved stamp

Seven Capital Management granted AIFM approval

Tue, 03/09/2013 - 06:02

Seven Capital Management has become one of the first French asset management companies to be granted AIFM approval by the AMF board. »

Gavel and scales

Philip Falcone and Harbinger Capital agree SEC settlement

Mon, 19/08/2013 - 23:17

New York-based hedge fund adviser Philip A Falcone and his advisory firm Harbinger Capital Partners have agreed to pay more thean USD18 million and admit worngdoing to settle chrages brought by the US Securities and Exchange Commission.   »

Doug Shulman, Kinetic Partners

The successful evolution of the SEC

Sun, 18/08/2013 - 11:04

By Douglas Shulman, Director, Regulatory Compliance, Kinetic Partners – The Madoff fraud was a turning point for the regulatory environment and the US Securities and Exchange Commission (the “SEC” or the “Commission”).  »

Cayman Islands

Cayman and US conclude FATCA negotiations

Thu, 15/08/2013 - 06:42

The Cayman Islands Government (CIG) has concluded negotiations with the US on a Model 1 intergovernmental agreement (IGA) and a new tax information exchange agreement (TIEA).  »

Australia

ASIC makes rules on dark liquidity and high-frequency trading

Mon, 12/08/2013 - 11:03

The Australian Securities and Investments Commission (ASIC) has released its market integrity rules on dark liquidity and high-frequency trading. »

events
1 week 1 day from now - Ulaanbaatar
1 week 3 days from now - New York
1 week 4 days from now - San Francisco
2 weeks 3 days from now - Los Angeles
listingsdirectory
Edelman
Thu, 18/08/2016 - 10:14
Eden Rock Capital Management
Wed, 15/06/2016 - 17:30
UBS Global Asset Management
Fri, 06/05/2016 - 14:19
training
Wed, 21/09/2016   - London
Wed, 28/09/2016   - London
Thu, 29/09/2016   - London
specialreports
other gfm publications