The Technical Committee of the International Organization of Securities Commissions has published a consultation report containing principles to assist securities markets authorities in dealing with issues concerning dark liquidity. The principles are designed to minimise the adverse impact of the
Markit and Compliance Technologies International (CTI) have launched the FATCA Service Bureau, a new service designed to help financial institutions comply with the Foreign Account Tax Compliance Act (FATCA). The FATCA Service Bureau unites the capabilities of Markit Counterparty Manager
The Alternative Investment Management Association says there has been considerable progress on the content of the Alternative Investment Fund Managers Directive following the compromise reached yesterday by EU ministers. Aima had previously expressed grave reservations about some of the directive’s
As managers and investors look for fund domiciles with a focus on quality, Fiona Le Poidevin (pictured), Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry, explores how Guernsey is well positioned to meet these
The Channel Islands can enhance their value to Europe Union through business growth in emerging markets, according to the former chairman of the Jersey Financial Services Commission, the island’s financial regulator. Colin Powell, now adviser on international affairs to the
While 86 per cent of respondents to a Northern Trust survey say they broadly understand the implications of the Alternative Investment Fund Manager Directive, close to 70 per cent feel their investors are not engaged in AIFMD considerations. “The
A paper on the impact of the Securities Financing Transactions Regulation (SFTR) reveals that transaction reporting for securities financing trades may create five times as many reports as trades when the regulation takes effect, which is expected in early 2020.
The European Fund and Asset Management Association says it is very concerned about the European Commission’s financial services tax proposals. It considers that the policy reasons advanced by the Commission are seriously flawed in the case of the funds industry.
To facilitate the marketing of Cayman hedge funds in the European Union, the Cayman Islands Government has passed an amendment that allows the jurisdiction’s regulator to enter into memoranda of understanding with its EU counterparts, using a model MoU developed
The Cayman Islands Government signed its 31st Tax Information Exchange Agreement (TIEA) with the Republic of Brazil on 19 March. The treaty is expected to build on business relationships that are already in place, and provide a springboard for
