As the Cayman Islands Government’s Foreign Account Tax Compliance Act (FATCA) Task Force evaluates the suitability of a government-to-government reporting arrangement with the US, the local financial services industry is making its necessary preparations for managing FATCA. “Government is aware
A survey published by RBC Dexia Investor Services and KPMG shows how some of Europe’s largest asset managers plan to capitalise on Ucits IV and identifies how these reforms will contribute to wider changes across the European investment fund landscape.
The Dutch Parliament has approved a law that implements the Alternative Investment Fund Managers Directive (AIFMD). The Netherlands is the first European country to implement this new piece of regulation created to limit risks for investors in those alternative investment
The Bermuda Monetary Authority has established a joint initiative with industry representatives and the Pensions Commission aimed at improving disclosure practices among Bermuda pension providers and investment firms. The authority has established a working group that will review and revise
Andrew Shrimpton, member at Kinetic Partners, on the extension of the deadline for SEC registration for Foreign Private Investors… The SEC have now confirmed the extension of the deadline for registration for hedge funds to 30 March 2012, following the
Guernsey Finance has welcomed the announcement from the island’s government that it is seeking to negotiate a partnership agreement with the US to implement the Foreign Account Tax Compliance Act (FATCA). The governments of Guernsey, Jersey and the Isle of
The Eastern Caribbean Supreme Court, Court of Appeal, has granted leave of appeal to the defendants who applied for two preliminary issues to be heard in the BVI proceedings brought by Fairfield Sentry Limited (in liquidation). According to law firm
Hedge funds and private equity houses need to be prepared for a backlash in the wake of the credit crisis, according to Roland van den Brink, board member at Mn Services. Speaking to pension funds and wealth managers at a
Guernsey is reviewing its corporate tax regime in line with its agreed fiscal and economic strategy. The island’s current “zero-10” corporate tax regime was introduced on 1 January 2008. In subsequent discussions, officials from the UK Treasury confirmed that
The European Life Settlement Association has welcomed the frank address given by the UK Financial Services Authority at the Elsa/Lisa European Life Settlement Trade Mission in London. At the centre of the regulator’s comment was some concern relating to disclosure
