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.

Story

SEC halts fraudulent offering by Florida investment adviser

SEC halts fraudulent offering by Florida investment adviser

The Securities and Exchange Commission (SEC) has obtained an asset freeze and other emergency relief against Florida-based investment adviser Kinetic Investment Group and its managing member, Michael Scott Williams, in connection with an alleged fraudulent, unregistered securities offering that raised approximately USD39 million from at least 30 investors located mostly in Florida and Puerto Rico.