Clearstream has issued the Domestic Markets Monitoring Report to support depositary banks in managing their new obligations as stipulated by the Alternative Investment Fund Manager Directive (AIFMD). AIFMD enters into force on 22 July 2014, imposing tight restrictions on the
Offshore law firm Ogier is to offer Guernsey and Jersey legal and fiduciary services in Asia. In May, Guernsey and Jersey lawyers will be relocating to the firm’s Hong Kong office, where the firm has an established BVI and Cayman
The US Bankruptcy Court for the District of Delaware has granted protection over the US assets of a Cayman Islands exempted company in liquidation. The company, SIFCO5, is subject to official liquidation proceedings in the Cayman Islands, which the Bankruptcy
The UK Financial Services Authority has approved Xtrakter to regulatory report exchange-traded derivatives using alternative instrument identifiers. The approval was awarded to Xtrakter after it successfully completed an FSA review and a period of extensive testing. As an approved reporting
The Trustee for the liquidation of Bernard L Madoff Investment Securities (BLMIS), is seeking the release of USD1.249 billion out of a total USD1.499 billion being held in reserve under a September 2012 Bankruptcy Court order. A hearing has been
US President Barack Obama’s call last Thursday for banks benefiting from a public safety net to be barred for “owning, investing in or sponsoring” private equity and hedge funds as part of wider strategy to curb excessive risk-taking by financial
The US Commodity Futures Trading Commission (CFTC) has issued an order against RP Martin Holdings Limited, and its subsidiary Martin Brokers (UK) Limited, filing and settling charges of manipulation and attempted manipulation of the London Interbank Offered Rate (Libor) for
ConceptONE, a provider of risk and regulatory reporting solutions for the global asset management industry, is opening its first European office in London. The new office will support the firm’s growing European customer base with local personnel that have expertise
The Malta Financial Services Authority has published guidelines regarding the redomiciliation of offshore funds to Malta under the Companies Act, Continuation of Companies Regulations, 2002. The guidelines specify the documentation required from fund promoters and outline the way the process
The Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) is introducing a streamlined approach for requests for registration of no-action relief from commodity pool operators (CPO) who delegate certain activities to a registered CPO. The
