The Association for Financial Markets in Europe (AFME) has published an updated version of its Due Diligence Questionnaire (DDQ) which aims to harmonise and simplify the process of completing questionnaires for global custodians, sub custodians and banks that hold client
As a result of recent frauds and Ponzi schemes, a Madoff effect has developed, altering the nature and scope of investor due diligence, according to a study by Corgentum Consulting. The data also shows that in anticipation of stricter hedge
The CFTC has issued an amended order that will allow an additional four multilateral trading facilities (MTFs) authorised within the European Union (EU) to be exempted from the requirement to register with the CFTC as swap execution facilities (SEFs).
The European Life Settlement Association has launched a retail market consultation into the practices and issues surrounding life settlements. The consultation will help inform the content relating to retail investors in Elsa’s impending code of practice for the life settlement
Please note that the Hedgeweek website will have a scheduled down time this weekend due to essential server upgrade. The popularity of the web site has required us to upgrad
The Guernsey Government’s publication of a consultation document on its future corporate tax regime has been welcomed by the promotional agency for the island’s finance industry. Peter Niven, chief executive of Guernsey Finance, believes that it is a major step
Simon Firth has joined the London-based law firm Berwin Leighton Paisner (BLP) as a partner in the investment funds team. Firth, an investment funds/financial servi
Guernsey is moving to cut the approval time for funds aimed at professional, experienced and knowledgeable investors to within three working days. The Guernsey Fina
Luxembourg’s hedge fund industry is expanding following regulatory changes made in response to growing investor demand. The Association of the Luxembourg Fund Indus
The Securities and Exchange Commission has charged a New York-based money manager and his firm with fraud for touting investments he claimed were tied to the Chimay royal family of Belgium, and then stealing millions of dollars to pay his
