Many alternative investment firms are lagging in internal IT, compliance, policy enforcement, business continuity planning and IT security, according to analysis by Richard Fleischman & Associates, a provider of outsourced technology and IT services. The findings come from a 12-month
The FSA’s significant fine and banning for life of hedge fund manager Michiel Visser highlights the age old need for independence between key functions at firms of all sizes, says Peter Moore (picture), head of regulations at The IMS Group… 


Direct taxation has been ruled out for the Cayman Islands, according to the findings of an independent economic commission. The Miller Report was commissioned by the Cayman government at the request of the British Foreign and Commonwealth Office. In the
The EU has published MiFID II in the Official Journal (OJ) following more than two and a half years of consultation and negotiation. Publication in the OJ sets the date on which MiFID II enters into force as 2 July
The increasing number of Ucits hedge funds launched in Europe means that tighter regulation is needed both to protect retail investors and the Ucits brand, a paper by PricewaterhouseCoopers says. The paper, Future Newcits regulation?, includes some of Europe’s regulators
The US Commodity Futures Trading Commission (CFTC) has secured an order of default judgment and permanent injunction against Michael James Seward, Yan Kaziyev, and their company SK Madison Commodities. The order requires the defendants to pay restitution totalling USD1,036,981.01 and
The majority of swap execution facilities (SEFs), including BGC Derivative Markets, Bloomberg, trueEX, GFI Group, ICE Swap Trade, MarketAxess, Tradeweb, Tradition Trad-X and Tullett Prebon, have now adopted the FIX Protocol. The FIX Trading Community has been working closely with
The Managed Funds Association has expressed concern regarding a proposal from the Committee of European Securities Regulators to require investors to publicly disclose short sale positions. MFA has also expressed support for the proposal from the Hong Kong Securities and
The Securities and Exchange Commission (SEC) has charged dark pool alternative trading system operator Liquidnet with improperly using subscribers’ confidential trading information in marketing its services. Regulations require an alternative trading system (ATS) to establish and enforce safeguards and procedures
The Securities and Exchange Commission has adopted a rule to place certain restrictions on short selling when a stock is experiencing significant downward price pressure. The measure is intended to promote market stability and preserve investor confidence. This alternative uptick
