Bill Prew, CEO of Indos Financial writes on the recent developments with the AIFMD marketing passport and the implications for private placement and depositaries. After further analysis and deliberation, on 19 July 2016 the European Securities and Markets Authority (ESMA)
Luxembourg continues to push the innovation agenda for asset managers and investors. And with a rich heritage supporting UCITS, the Grand Duchy is building substance under AIFMD to further enhance its reputation as the EU’s leading fund distribution centre. Charting the
As Project Sentinel completes the first round of assessments of potential technology partners, the initiative has seen an increase in consortium numbers from the original four to seven banks to eight to 10 in the current phase. The initiative to mutualise
Australian-based fund administrator MainstreamBPO has expanded its operations into the UK and Europe following receipt of in principle regulatory approval from the Malta Financial Services Authority (MFSA) to act as a fund administrator. The announcement follows the Ggoup’s recent move
This week’s recommendation on extending the alternative investment marketing ‘passport’ to fund managers in up to 12 non-EU countries is an important step towards improving choice for investors, says Invest Europe. The European Securities and Markets Authority (ESMA) has presented its
One of the biggest challenges of AIFMD is that it directly impinges on investment activities at the manager level, as opposed to the fund level under the UCITS IV framework. This has required a shift in mindset, not just for
Luxembourg has carved out a significant position as Europe's leading onshore fund domicile over the last 20 years. This has largely been based on the popularity of UCITS funds, and the fact that the UCITS brand is now one with
Cortland Capital Market Services has received authorisation from the Financial Conduct Authority (FCA) to perform regulated activities vital to the company's client base of investment managers and commercial lenders. Regulated activities include loan agency, escrow services, cash management, paying agency
The European Securities and Markets Authority (ESMA) has finalised and issued a draft regulatory technical standard (RTS) for the central clearing of Credit Default Swaps (CDS). ESMA is required to develop RTS which implement the European Market Infrastructure Regulation (EMIR).
For US-based hedge fund managers that already have a presence in Europe – and are confident they can meet the AIFMD's substance and reporting requirements – it makes sense to apply for AIFM authorisation. But what about US managers with
