The US Commodity Futures Trading Commission (CFTC) has issued an order of registration to London-based NEX SEF Limited, granting it registration status as a swap execution facility (SEF). NEX SEF is a private limited company, incorporated in the UK and
The US CFTC has issued an extension of the time-limited no-action relief provided in CFTC Staff Letter 17-05 from 8 May 2017 until 7 November 2017. The extended relief states that the CFTC will not recommend enforcement action against a
Irish Funds, the representative body for the international cross-border investment funds industry in Ireland, has welcomed the Economic and Monetary Affairs Committee’s (ECON) approval of the final compromise text on the EU’s Money Market Fund Regulation (MMFR). The Committee of
The Alternative Investment Management Association (AIMA) has published a guide for fund managers wishing to establish a managed account, a popular form of investing in hedge funds that gives greater control over the management of the account to the investor.
The Financial Conduct Authority (FCA) has appointed its new Skilled Person Panel, effective until 2021. The panel is a supervisory tool, used by the financial watchdog to carry out independent reports, known as a s166 review, where there are specific
Nodal Clear, the clearing house subsidiary of Nodal Exchange, has been recognised by the European Securities and Markets Authority (ESMA) as a third-country central counterparty (CCP) under the European Markets Infrastructure Regulation (EMIR). Under European law, third-country CCPs must receive
By Richard L Shamos (pictured) and Ron S Geffner, Sadis & Goldberg – The global investment funds marketplace today is beset by contradictory economic forces, with increasing financial opportunity accompanied by a rising regulatory burden and populist politics. These tensions are
European regulators have blocked the proposed merger between Deutsche Börse and the London Stock Exchange Group. The EU Commission says the deal would create a “de facto monopoly” for certain financial services, despite remedial measures offered by both companies to
Irish Funds, the representative body for the international cross-border investment funds industry in Ireland, has welcomed the Central Bank of Ireland’s announcement on its intention to amend the requirements for Loan originating Qualifying Investor AIFs (L-QIAIFs), as set out in
The Depository Trust & Clearing Corporation (DTCC) subsidiary operating the Global Markets Entity Identifier (GMEI) utility continues to operate as the largest legal entity identifier (LEI) issuer, by share of the total LEIs issued worldwide, in the run-up to MiFID
