The law introducing a new Luxembourg alternative fund structure, the Reserved Alternative Investment Fund (RAIF), has been approved by the Luxembourg Parliament and will come into force three days after publication in Luxembourg’s Official Gazette Mémorial. Denise Voss (pictured),
The London Metal Exchange (LME) is initiating a market-wide consultation proposing to control escalating warehousing costs by imposing caps on maximum charges. If enacted, the first capped charges would come into effect on 1 April 2017. “The metals industry
For start-up managers wishing to run an onshore European AIF, the compliance and regulatory complexities might, at first glance, appear overwhelming. There are significant reporting obligations under Annex IV and regulatory capital considerations, whilst risk management is far broader in
Since the Irish Collective Asset Management Vehicle (ICAV) came into effect on 18 March 2015, more than 157 vehicles had been authorised by the Central Bank of Ireland (through March 2016), according to the latest statistics released by Irish Funds,
The National Futures Association (NFA) has ordered Duet Asset Management Ltd, an NFA member commodity pool operator (CPO) and commodity trading adviser (CTA) located in London, to pay a USD1 million fine. The decision, issued by NFA's Business Conduct Committee
The Polish Financial Supervision Authority (PFSA) has unanimously granted approval to Towarowa Giełda Energii (TGE) to operate an auction platform for CO2 emission allowances. TGE has met the requirements for the auction platform set out in the Regulation of the
In the wake of last week’s referendum result, there are obviously a number of questions regarding regulation and passporting. Bobby Johal, Managing Consultant, Cordium, comments… UCITS funds will still be distributed across Europe, but not in quite so straightforward a
A UK-based investment adviser and its Chief Investment Officer (CIO) have agreed to pay more than USD2.5 million to settle charges that they breached their fiduciary duties by operating two private funds in a manner inconsistent with their prior disclosures
Confluence predicts that the rise of regulatory technology (RegTech) in 2017 will trigger a transformation of the asset management back office, with improved data management and technology solutions delivering operating model improvements through automation. A subset of FinTech, RegTech consists
The European Commission’s decision to adopt an implementing decision on equivalence of the legal and supervisory framework for US-designated contract markets and swap execution facilities (SEFs) is a welcome step forward according to the MFA. MFA President and CEO Richard
