On 2 June 2014 the IRS published its first list of FATCA-compliant institutions in what represents the first significant sign of FATCA regulation gathering pace. The cut-off date for hedge fund managers to get on this list was 5
The Financial Conduct Authority (FCA) penalised British firms a total of GBP506.94m (USD770m) in 2013, according to research from Kinetic Partners. The penalties handed down by FCA to individuals totalled GBP5.42m (USD8.23m) in 2013. While the amount fined to
Maitland has received approval from the Luxembourg regulator (CSSF Luxembourg) for its Alternative Investment Fund Manager Directive (AIFMD) compliant management company and specialised investment fund. Together, they provide fund managers with a solution to the regulatory and supervisory burden associated with
The US Commodity Futures Trading Commission (CFTC) has obtained a federal court order requiring Robert J Andres and his company Winsome Investment Trust and Robert L Holloway and his company US Ventures (USV) to pay a civil monetary penalty of
Leaders of the European fund industry are calling for action from the European Union authorities because they fear that the success of the Ucits ‘brand’, which has enabled EU-domiciled retail funds to be sold all over the world, is under
A federal judge has upheld all of the key claims in a lawsuit filed against financial services firm Cantor Fitzgerald and its owner and chief executive Howard Lutnick by the bankruptcy estate of former futures broker Refco Inc. The suit,
International law firm, Maples and Calder, has announced the appointment of eight new partners. Five of the new partners – Matthew Crawford, John Dykstra, Jarrod Farley, Michael Richardson and Joannah Bodden Small -– are based in its Cayman Islands office,
The Australian Securities and Investments Commission has cancelled the Australian Financial Services Licence held by City Pacific. ASIC’s decision to cancel the licence was taken after discussions with the liquidators of City Pacific to ensure the timing of the cancellation
Dr Richard Reid (pictured), director of research at the International Centre for Financial Regulation in London, says the controversy surrounding the role of credit default swaps in allegedly aggravating Greece’s fiscal problems illustrate differences between countries in Europe and beyond
Over 200 UCITS hedge funds have now been launched in Europe with many more in the pipeline. As the trend continues to grow, tighter regulation is needed both to protect retail investors and the UCITS brand.

 A new paper by
