Legal & Regulation

Appleby Authorised Representative, an affiliate of Appleby Corporate Services (BVI), has been certified by the BVI Financial Services Commission to act as an authorised representative under the Securities and Investment Business Act 2010.  »

Caceis has launched a service that aims to help management companies implement the Key Information Document, which replaces the Ucits simplified prospectus on 1 July 2011. »

Law firm Harneys has opened an office in Montevideo, Uruguay. »

Collas Day in Guernsey and Crill Canavan in Jersey are to merge in the spring of 2011. »

The Securities and Exchange Commission voted by a 4 to 1 majority on Friday to propose new rules to strengthen its oversight of investment advisers and fill key gaps in the regulatory landscape, notably by bringing managers of hedge funds and other alternative investments under its aegis. »

At the fourth edition of the Edhec-Risk Institutional Days conference at the Grimaldi Forum in Monaco on 8-9 December, Edhec-Risk Institute will be presenting research results on two key themes for the investment industry: regulation and indices. »

Melanie June Miller of Mermaid Waters, Queensland, has been sentenced to six months imprisonment in the Southport Magistrates’ Court for her involvement in an international investment scam which raised almost AUD7m from Australian investors. »

Advent Software, a provider of software and services to the investment management industry, has hosted a series of events to educate firms on the impact of cost basis legislation and what they can do to prepare. »

Law firm Walkers says the confirmation of the final terms of the Alternative Investment Fund Managers Directive and the removal of uncertainty for non-European Union fund managers marketing non-EU funds in the EU is a very positive development for the investment funds industry in the Cayman Islands, British Virgin Islands and Jersey. »

Jersey Finance has welcomed the vote on the compromise agreement for the Alternative Investment Fund Managers EU Directive that was reached by European Parliament.   »