Legal & Regulation

LEGAL & REGULATION

Cayman Islands In Focus 2020 - Foreword

Cayman Islands In Focus 2020 - Foreword

By CIMA – For the past five decades, the Cayman Islands has maintained its position as the number one domicile for hedge funds. Central to its success is a comprehensive regulatory framework and the ability to adapt to evolving international standards, thus highlighting the jurisdiction’s commitment to the enhancement of financial supervision.

Regulation

EU watchdog ESMA tightens short-selling rules amid “serious threat to market confidence”

EU watchdog ESMA tightens short-selling rules amid “serious threat to market confidence”

The European Securities and Markets Authority, the pan-EU financial watchdog, tightened rules on short-selling on Monday, and will now require hedge funds and other holders of net short positions to notify their respective national regulators of positions greater than 0.1 per cent of a company’s share capital.