The Alternative Investment Management Association says there has been considerable progress on the content of the Alternative Investment Fund Managers Directive following the compromise reached yesterday by EU ministers. Aima had previously expressed grave reservations about some of the directive’s
As managers and investors look for fund domiciles with a focus on quality, Fiona Le Poidevin (pictured), Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry, explores how Guernsey is well positioned to meet these
The Channel Islands can enhance their value to Europe Union through business growth in emerging markets, according to the former chairman of the Jersey Financial Services Commission, the island’s financial regulator. Colin Powell, now adviser on international affairs to the
While 86 per cent of respondents to a Northern Trust survey say they broadly understand the implications of the Alternative Investment Fund Manager Directive, close to 70 per cent feel their investors are not engaged in AIFMD considerations. “The
A paper on the impact of the Securities Financing Transactions Regulation (SFTR) reveals that transaction reporting for securities financing trades may create five times as many reports as trades when the regulation takes effect, which is expected in early 2020.
The European Fund and Asset Management Association says it is very concerned about the European Commission’s financial services tax proposals. It considers that the policy reasons advanced by the Commission are seriously flawed in the case of the funds industry.
To facilitate the marketing of Cayman hedge funds in the European Union, the Cayman Islands Government has passed an amendment that allows the jurisdiction’s regulator to enter into memoranda of understanding with its EU counterparts, using a model MoU developed
The Cayman Islands Government signed its 31st Tax Information Exchange Agreement (TIEA) with the Republic of Brazil on 19 March. The treaty is expected to build on business relationships that are already in place, and provide a springboard for
The US CFTC has announced multiple whistleblower awards totalling more than USD45 million which it says demonstrates the growing success of its Whistleblower Program, and in particular the increasing volume and complexity of incoming whistleblower submissions. Just last month, the
The Cayman Islands Government is to adopt a Model 1 intergovernmental agreement (IGA) in response to the US Foreign Account Tax Compliance Act (FATCA). Minister for Financial Services, the Honourable Rolston Anglin, made the announcement from the floor of the
