The Serious Fraud Office (SFO) has issued criminal proceedings against Magnus Peterson, a Swedish national and the founding director of Weavering Capital (UK) Limited. He has been charged with six offences: Two offences of false accounting contrary to s.17(b), Theft
The European Securities and Markets Authority (ESMA) has published its final Guidelines and a Feedback Statement on the Exemption for market making activities and primary market operations under the Short Selling Regulation. The Guidelines are aimed at providing market participants
Third party funding, where investors who have no other connection with litigation support legal claims in exchange for a financial return, is starting to take-off in the UK with a number of funds having been set-up to invest specifically in
The European Fund and Asset Management Association says it welcomes the end to the uncertainty that has faced fund managers of all non-Ucits investment funds since the European Commission’s initial proposals for legislation in April 2009, following the approval of
New European Union-wide rules on the marketing of alternative investment funds overcame the final hurdle this afternoon when the European Parliament adopted, by 513 votes to 92 with three abstentions, the Directive on Alternative Investment Fund Managers. The directive will
The Alternative Investment Management Association (AIMA) has responded to the publication of the final text of the implementing measures of the Alternative Investment Fund Managers’ Directive (AIFMD) by the European Commission. The publication of the final text marks the conclusion
A&L Goodbody remains the leading Irish legal adviser to the Irish funds industry, representing domiciled and non-domiciled funds with a combined asset value in excess of USD238bn, according to the Lipper Ireland Fund Encyclopaedia 2010/2011. The Lipper report shows that
By Richard Cassell and Kristin Konschnik, partners, Withers – The US Treasury Department has now released the long-anticipated final FATCA regulations (the ‘Regulations’), which build upon the foundation of the proposed regulations but contain some significant additions and modifications. Non-US
Multi-asset brokerage and clearing specialist Newedge is reinforcing its position in Switzerland, with FINMA, the local regulator, granting branch licenses to the firm’s representative offices in Zurich and Geneva. With full regulatory approval, Newedge in Switzerland will be able to
Darian Capital Services has launched two services to address impending US and European regulations that will change the way hedge and private equity funds are marketed. In the US, such "private" funds have been barred from "general solicitations" or any
