Last July, the Securities Commission of The Bahamas (the Commission) embarked on a process to overhaul the Investment Funds Act. The Investment Funds Act 2003 was largely structured to be in line with the operations of fiduciary administrators and did
Tradeweb has secured authorisation from the UK’s Financial Conduct Authority (FCA) to operate an Organised Trading Facility (OTF), effective from 3 January 2018. Tradeweb will be able to offer its clients greater flexibility to choose the type of venue and
Thirty two IM Phase 5 firms have successfully joined AcadiaSoft and TriOptima’s IM Phase 5 soft launch initiative and more than 25 additional firms are scheduled to join before the end of 2020. Read the full story at Institutional Asset Manager…
The CFTC has issued interpretative guidance providing that a futures commission merchant (FCM), swap dealer (SD), or introducing broker (IB) that receives separate compensation for commodity trading advice is not required to register as a commodity trading adviser. The proviso
With the profound impacts of Covid-19 continuing to reverberate around the world, it is notable how robust the funds industry has been during the last six months. In Ireland, like elsewhere, significant redemptions were registered in March as investors sought
The Irish funds industry may have some catching up to do in the private funds space, but as the government gears up to introduce a refreshed Investment Limited Partnerships Act, the jurisdiction is expected to see an influx of managers
The Commodity Futures Trading Commission (CFTC) has exempted certain multilateral trading facilities (MTFs) and organised trading facilities (OTFs) authorised within the European Union (EU) from the requirement to register with the CFTC as swap execution facilities (SEFs). The order will
The Securities and Exchange Commission (SEC) is delaying the implementation of rules requiring large mutual funds to submit monthly details of their portfolio holdings to the Commission while it improves the security of its EDGAR filing system which was hacked
Oxial has launched GDPR Express; a GDPR compliance solution aimed at mid-sized financial services firms. This new solution brings a digitised compliance approach to remove the GDPR burden and offer continuous compliance and high level data security. With the deadline
Businesses across Europe are unprepared for the EU’s General Data Protection Regulation (GDPR), which comes into law in May 2018, according to new research conducted for audit tax and consulting firm RSM by the European Business Awards. The survey, completed
