When AIFMD was introduced into European law two years ago, it set a new benchmark globally for fund governance. This shut out the majority of US hedge funds from marketing to a significant number of European investors. "US hedge funds
Despite the recent wild gyrations in global stock markets, 2015 could represent the calm before the storm for European equity brokers, which are awaiting word from regulators on new “unbundling” rules that could upend the economics of their business. The
Deutsche Börse, together with the European Trade Repository REGIS-TR, is helping clients to meet regulatory requirements under the new MiFID II European financial directive. REGIS-TR is jointly run by Deutsche Börse’s subsidiary Clearstream and Iberclear (BME Group). The Markets in
The European Securities and Markets Authority (ESMA) has published its final technical standards (TS) on some of the most important pieces of post-crisis financial regulation: the Markets in Financial Instruments Directive (MiFID II), the Market Abuse Regulation (MAR) and the
Guernsey has extended market access to EU Alternative Investment Fund Managers (AIFMs) and Alternative Investment Funds (AIFs) doing business in Guernsey. The move follows the European Securities and Markets Authority (ESMA)’s advice to the European Council, the European Commission and
The Gibraltar Financial Services Commission (GFSC) has signed a Memorandum of Understanding (MoU) with the Israel Securities Authority (ISA) underlining a shared commitment by both organisations for mutual assistance and sharing of information. GFSC CEO, Samantha Barrass (pictured), says: “This
FIX Trading Community, the non-profit, industry-driven financial trading standards body, has formed six new subgroups focused on MiFID II regulation for the industry to collaborate on the most critical issues in this time of regulatory change. In May 2015, the
ESMA’s AIFMD passport regime update was ‘inconclusive', says Tim Thornton, Chief Data Officer, MUFG Fund Services… ESMA’s update on the functioning of the AIFMD passport regime and the potential for extension to third party AIFMs was viewed as inconclusive, but
Bermuda remains fully committed to the process of qualifying under rules set out by the European Union for third-country rights for Island-based alternative fund managers. The European Securities Market Authority (ESMA) last week cleared the way for Guernsey, Jersey and
The EU Commission has confirmed its continued endorsement of Guernsey as a cooperative jurisdiction following a meeting between officials in Brussels. This news was welcomed in Guernsey, which has a strong record in meeting international standards as a cooperative and
