Legal & Regulation

BVI targets digital asset space as key growth driver

Wed, 09/10/2019 - 15:43

Q&A with Simon Gray, Head of Business Development & Marketing, BVI Finance »

As SM&CR deadline looms, do hedge fund managers need to panic?

Wed, 09/10/2019 - 14:10

With so much bandwidth being absorbed by the gravitational pull of Brexit, hedge fund managers could be forgiven for paying short shrift to the Senior Managers and Certification Regime (SM&CR), which formally comes into effect on 9 December 2019. »

Coming off autopilot: The SEC issues guidance on investment advisers’ proxy voting responsibilities

Wed, 09/10/2019 - 09:00

By Northern Trust – After a November 2018 roundtable on the proxy process, the SEC has begun issuing guidance around the use of proxy advisors. This promises to be the beginning of the SEC’s scrutiny into proxy voting, not the end. »

CFTC orders interdealer brokers to pay USD25 million for fraud in FX options markets

Thu, 03/10/2019 - 10:43

The US Commodity Futures Trading Commission announced today that it issued orders filing and settling charges against two interdealer brokers – BGC Financial, LP and GFI Securities, LLC. »

ACA Compliance Group launches ‘next-gen’ regtech platform

Tue, 01/10/2019 - 10:22

ACA Compliance Group (ACA), a provider of governance, risk, and compliance advisory services and technology solutions, has launched ComplianceAlpha 2.0. »

Chicago trading firm and co-founder to pay USD2.5m in CFTC penalties for spoofing and manipulative trading scheme

Tue, 01/10/2019 - 09:14

The US Commodity Futures Trading Commission has filed and settled enforcement actions against Hard Eight Futures, and Igor Chernomzav for spoofing – bidding or offering with the intent to cancel the bid or offer before execution – and for engaging in a manipulative and deceptive trading scheme. »

Broadridge and FundsLibrary to provide regtech solutions for European wealth and asset managers

Wed, 25/09/2019 - 10:06

Broadridge Financial Solutions, is working with FundsLibrary, a provider of digital fund data and regulatory solutions, to develop a new offering for European wealth and asset managers to address the challenges posed by MiFID II Ex-Post Costs and Charges and Solvency II. »

Apex Group secures regulatory approval for Irish subsidiary

Tue, 24/09/2019 - 11:28

Apex Group (Apex) has received Full Depositary authorisation from the Central Bank of Ireland for its subsidiary the European Depositary Bank (EDB) to operate in Ireland. »