Legal & Regulation

Guernsey substance and benefits of the mature NPPR

Wed, 24/04/2019 - 12:40

Shaun Robert (pictured) of PraxisIFM outlines why Guernsey is a serious contender as a domicile of choice… »

Guernsey’s certainty is the solution to Brexit uncertainty

Wed, 24/04/2019 - 12:26

Guernsey’s long-established constitutional position and expertise in funds makes the island ideally suited to support global investment funds post-Brexit, according to members of the Guernsey Investment Fund Association. »

Reinforcing Guernsey’s financial services reputation

Wed, 24/04/2019 - 12:14

In light of global initiatives such as the Paris Accord, one area the bailiwick of Guernsey has focused on, with respect to product innovation, is green investing in the financial services industry. It has developed policies in response to expected demand for green investment products over the next two or three decades; ie verifiable, certifiable green products. »

EFAMA welcomes final agreement on cross-border fund distribution legislation

Wed, 17/04/2019 - 13:37

The European Fund and Asset Management Association (EFAMA) has welcomed the vote by the European Parliament plenary, formally adopting the trilogue agreement on the Commission's initiative to remove cross-border barriers to the distribution of investment funds. »

The DE Shaw Group approved for Private Fund Management license in China

Tue, 16/04/2019 - 10:42

The DE Shaw group, a global investment and technology development firm, has been granted a license to develop and market onshore investment products to investors in China. »

Cappitech launches MiFID II market intelligence product

Mon, 15/04/2019 - 10:17

Cappitech, a provider of regulatory reporting and intelligence solutions for the financial services industry, has launched RTS 28 Market Intelligence, a product that allows financial institutions to use regulatory compliance data to their own advantage. »

CFTC provides further Brexit-related advice

Mon, 08/04/2019 - 10:56

The Commodity Futures Trading Commission’s (CFTC) Divisions of Swap Dealer and Intermediary Oversight (DSIO), Market Oversight (DMO), and Clearing and Risk (DCR), is to grant no-action relief to provide greater certainty to the global marketplace in connection with the anticipated withdrawal of the United Kingdom of Great Britain and Northern Ireland (UK) from the European Union (EU) with or without a ratified withdrawal agreement (Brexit). »

SEC approves expansion of DTCC’s FICC Sponsored Service

Mon, 01/04/2019 - 18:04

The Depository Trust & Clearing Corporation’s (DTCC) expansion of its Sponsored Service of its subsidiary Fixed Income Clearing Corporation (FICC) has been approved by the Securities and Exchange Commission (SEC). »

FCA confirms permanent ban on sale of binary options to retail consumers

Mon, 01/04/2019 - 10:46

Following consultation feedback, the Financial Conduct Authority (FCA) has confirmed all firms acting in or from the UK are prohibited from selling, marketing or distributing binary options to retail consumers. »

Insights on Bermuda’s Economic Substance Act 2018

Fri, 29/03/2019 - 09:48

On 17 December 2018, Bermuda formally introduced the Economic Substance Act 2018, the measures therein becoming applicable with effect from 1st January, 2019. Its genesis resulted from Bermuda being placed on the EU’s grey list of jurisdictions due to concerns over fair taxation (and other factors), and which led to the Code of Conduct Group (‘COCG’) declaring Bermuda a ‘Criterion 2.2’ jurisdiction, along with other jurisdictions including the Cayman Islands, British Virgin Islands, Jersey, Guernsey and the Isle of Man. »