Legal & Regulation

The Irish funds industry has welcomed a harmonised framework for alternative investment fund managers and the regulatory changes to Irish collective investment schemes. »

Jersey Finance has welcomed the Council of Minister’s proposals to retain the jurisdiction’s personal taxation rate at 20 per cent. »

The Technical Committee of the International Organization of Securities Commissions has published a consultation report containing principles to assist securities markets authorities in dealing with issues concerning dark liquidity. »

European Parliament and Council negotiators on Tuesday overcame the final major hurdles to an agreement on the Alternative Investment Fund Managers Directive. »

The Alternative Investment Management Association says there has been considerable progress on the content of the Alternative Investment Fund Managers Directive following the compromise reached yesterday by EU ministers. »

The Channel Islands can enhance their value to Europe Union through business growth in emerging markets, according to the former chairman of the Jersey Financial Services Commission, the island’s financial regulator. »

European Union economic affairs and finance ministers have reached agreement on the controversial proposed Directive on Alternative Investment Fund Managers, raising the prospect that the legislation could be finalised by a vote in the European Parliament next month. »

The European Fund and Asset Management Association says it is very concerned about the European Commission’s financial services tax proposals. »

The Technical Committee of the International Organization of Securities Commissions has formed a Task Force on OTC Derivatives Regulation. »

Guernsey has signed a tax information exchange agreement with Greece. »