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.
Legal & Regulation
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.
PGIM has secured approval from the Dutch Authority for the Financial Markets to operate an Alternative Investment Fund Manager (AIFM) from its newly established office in the Netherlands.
The US Commodity Futures Trading Commission has charged Tate Street Trading of Richmond, Virginia and Leonard J Cipolla of Chesterfield, Virginia, with misappropriating customer funds and fraudulent solicitation in connection with a commodity pool.
By Joe McGrath – While litigation funders have been celebrating growth and success in Western markets, they are also keen to seize opportunities further afield with Asian jurisdictions increasingly finding favour…
Managers of Cayman funds are being encouraged to act now to ensure they fully comply with the new obligations of the Cayman Islands Data Protection Law, 2017 scheduled to come into effect on 30 September 2019.
The US Commodity Futures Trading Commission has issued two orders filing and settling charges against Tullett Prebon Americas Inc, an interdealer broker and CFTC-registered introducing broker headquartered in New Jersey, requiring the company to pay a total of USD13 million for failing to supervise employees and making false or misleading statements to CFTC staff.
ACA Compliance Group (ACA) and Eagle Investment Systems (Eagle), a BNY Mellon company and part of Data and Analytics Solutions, have partnered to help firms comply with the new 2020 Global Investment Performance Standards (GIPS).
Guernsey is proposing to adopt limited liability companies (LLC) in a move intended to enhance the island’s competitive position in the United States.
SEC and CFTC charge Options Clearing Corp with failing to establish and maintain adequate risk management policies
The Options Clearing Corporation (OCC) is to undertake remedial efforts and pay USD20 million in penalties to settle SEC and CFTC charges that it failed to implement policies to manage certain risks as required by US laws and SEC and CFTC rules.