Legal & Regulation

Clock

Countdown to EMIR reporting begins



The first trade repositories need to begin European Market and Infrastructure Regulation (EMIR) reporting for all derivative counterparties in February 2014, according to the European Securities and Markets Authorities (ESMA).

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London

Sullivan & Worcester expands trade finance practice

Simon Cook has re-joined Geoff Wynne, head of Sullivan & Worcester’s new London office, as a partner in the London-based team of seven lawyers focusing on emerging markets structured trade and commodities finance. »


Fiona Le Poidevin, Guernsey Finance

Why quality is key in a fund domicile

As managers and investors look for fund domiciles with a focus on quality, Fiona Le Poidevin (pictured), Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry, explores how Guernsey is well positioned to meet these evolving needs. »


Fiona Le Poidevin, Guernsey Finance

Why quality is key in a fund domicile

As managers and investors look for fund domiciles with a focus on quality, Fiona Le Poidevin (pictured), Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry, explores how Guernsey is well positioned to meet these evolving needs. »


Gavel

Defendants granted leave to appeal in Fairfield case

The Eastern Caribbean Supreme Court, Court of Appeal, has granted leave of appeal to the defendants who applied for two preliminary issues to be heard in the BVI proceedings brought by Fairfield Sentry Limited (in liquidation). »


Carol Goodwin, director, Investec Bank (Channel Islands) Limited

Best behaviour – corporate governance in a new world

Guernsey’s much discussed corporate governance code came into effect at the beginning of the year. Carol Goodwin (pictured) highlights its key principles, asserting that good corporate governance is about board behaviour and not always about the rules. »


Ponzi scheme

California court fines Gordon Driver and Axcess USD41m for commodity pool Ponzi scheme

The US District Court for the Central District of California has entered a final judgment and permanent injunction order against defendants Gordon A. Driver of Las Vegas, Axcess Automation and Axcess Fund Management, both Nevada companies owned and controlled by Driver, in connection with a commodity pool Ponzi scheme in which the defendants defrauded over 100 participants in the US and Canada of over USD14m.  »


Regulation

ASIC makes new rules on suspicious activity reporting and short sale tagging

The Australian Securities and Investments Commission has made new market integrity rules for suspicious activity reporting and short sale tagging requirements which will apply for the Australian Securities Exchange (ASX) and Chi-X markets. »


Report and magnifying glass

Edhec-Risk Institute proposes new method for assessing hedge fund performance

In a report produced as part of the Newedge research chair on Advanced Modelling for Alternative Investments, Edhec-Risk Institute has evaluated the performance of hedge funds through a non-linear risk adjustment of returns. »


AIMA chief executive Andrew Baker

AIMA supports removal of ban on general solicitation and advertising by US hedge fund managers

The Alternative Investment Management Association has expressed support for the elimination of the ban on general solicitation and advertising by hedge fund managers in the US, but has said that only accredited investors should continue to be allowed to invest in hedge funds. »


Upcoming events

Upcoming training

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