The Alternative Investment Management Association (AIMA) and Alternative Credit Council (ACC) have welcomed the publication by the European Commission (EC) of the Capital Markets Union for people and businesses-new action plan (the CMU Action Plan).
Legal & Regulation
Blaine Bortnick, managing partner of the New York office for Rasco Klock, along with James Halter, special counsel to the firm, have won a case on a motion to dismiss a USD1 billion lawsuit brought by New York-based hedge fund Kingstown Capital Management LP and its affiliates.
SmartStream Technologies has launched a new derivatives component for its Systematic Internaliser (SI) Registry service, to help clients meet the 15 September MiFID II deadline.
On 31 July, 2020, the Internal Revenue Service (IRS) released proposed regulations (the Proposed Regulations) relating to the scope and applicability of Internal Revenue Code Section 1061. This alert will provide an overview of the Proposed Regulations and how they may affect hedge, private equity and other investment funds.
The Commodity Futures Trading Commission has approved an Amended Order of Registration for LedgerX to clear additional products, subject to the terms and conditions specified in the order, as a derivatives clearing organisation under the Commodity Exchange Act.
Independent depositary and fund oversight provider INDOS Financial has highlighted a series of omissions in the EU’s Alternative Investment Fund Managers Directive with the hope these will quickly be addressed by ESMA (The European Securities and Markets Authority).
The US Securities and Exchange Commission (SEC) will meet at 9am on 2 September, 2020 to vote on proposed changes to the SEC's highly successful Dodd-Frank Act whistleblower reward programme.
The Hedge Fund Association (HFA), an international nonprofit trade and nonpartisan lobbying organisation, says it applauds the US Securities and Exchange Commission's (SEC) amendments to the “accredited investor” definition.
Singapore Exchange (SGX) and Cassini Sytems are teaming up to provide SGX market participants to meet Uncleared Margin Rules (UMR) requirements.
OSL Secures 'approval in Principal' from Hong Kong SFC for virtual asset automated trading and brokerage
OSL has secured approval-in-principle for Type 1 and Type 7 licenses from the Hong Kong Securities and Futures Commission (SFC) for automated virtual asset trading and brokerage.