Phoenix Fund Services (UK) has received Financial Conduct Authority (FCA) approval to act as Alternative Investment Fund Manager (AIFM) for alternative investment funds (AIFs) under the new AIFMD legislation. Phoenix Fund Services (UK) has been appointed as the AIFM for
The implementation of the Alternative Investment Fund Managers Directive (AIFMD) is incomplete and significant uncertainty remains, according to the the Alternative Investment Management Association (AIMA). A number of European countries have not implemented the AIFMD to date or not implemented
The European Central Bank (ECB) is to enable the use of triparty services for cross-border collateral pledges to national central banks. This will help to overcome collateral fragmentation and improve risk management and operational processing. The ECB changes will
Netagio, the UK-based Bitcoin, gold and sterling exchange, has completed an independent review of its Bitcoin storage environment by BDO under ISAE 3000, the International Standard on Assurance Engagements. This is the first review of this kind in the Bitcoin
The Bank of England has approved LME Clear’s application as a central counterparty under the European Markets Infrastructure Regulation (EMIR). LME Clear’s authorisation is effective from 3 September 2014. The bank’s decision followed a positive opinion reached on 28
The Irish Funds Industry Association has welcomed the announcement by the Central Bank of Ireland (CBI) on the finalisation of the framework for Ireland’s loan origination fund structure. This will be the first dedicated regulatory regime in the EU for
The US Commodity Futures Trading Commission (CFTC) has issued an interpretation of Commission Regulation 30.7(c) under the Commodity Exchange Act. The interpretation permits futures commission merchants (FCMs) to deposit customer funds margining foreign futures positions with UK-licensed investment firms that
The Irish Funds Industry Association has welcomed the Central Bank of Ireland’s proposals to establish a regulated loan fund framework in Ireland. This will be the first dedicated regulatory regime in the EU for loan funds and will operate under
Key figures from the UK’s financial industry have welcomed the launch of the Social Media Charter, which aims to ensure compliant use of social media. The Financial Conduct Authority (FCA) announced a couple of weeks ago the launch of a
Alceda Fund Management has been granted a licence to act as Alternative Investment Fund Manager (AIFM) by the Luxemburgish Commission de Surveillance du Secteur Financier (CSSF). The licence will enable Alceda to work with initiators of Alternative Investment Funds (AIFs)
