The European Securities and Markets Authority (ESMA) has approved the co-operation arrangements between the Guernsey Financial Services Commission (GFSC) and the EU securities regulators for the supervision of alternative investment funds (AIFs), including hedge funds, private equity and real estate
On Friday 1 April, the Court of Appeal handed down its much awaited written judgment in Westford Special Situations Fund Limited v Barfield Nominees et al. The decision has far reaching consequences, not only for BVI funds, but also for
Misys has launched a new regulatory reporting service, enabling corporates, fund managers and smaller banks to meet their EMIR-specific reporting requirements. Offered as a software-as-a-service (SaaS) solution, it enables customers to report to a trade repository on the execution, modification
The recently announced changes to Regulation 28 of South Africa’s Pension Funds Act, which are effective from 1 July this year, could result in an eight times surge in assets under management in the hedge fund space. Anton Hormann, head
The Cayman Islands Government has extended the deadline for the registration of ‘master funds’ by 60 days to 21 May 2012. This extension had been expected as a result of the previous advisory issued by the Government stating that the
The final version of the guidance on anti-bribery policies and procedures was issued by the Government (pursuant to section 9 of the Bribery Act) today (Wednesday, 30 March). The Act will come into force on 1st July 2011. Commenting
The Securities and Exchange Commission has charged a San Francisco-area investment adviser with defrauding investors by giving them a bogus audit report that embellished the financial performance of the fund in which they were investing. The SEC alleges that James
Global law firm K&L Gates and Australian national law firm Middletons are in discussions regarding a possible combination. If approved, the combination would create a firm of more than 2,000 lawyers in 45 offices throughout Australia, North and South America,
Phase 1 of Dodd Frank commenced in March this year, requiring swap dealers and major swap participants to clear their OTC derivative contracts (i.e. liquid IRS and CDS) through central counterparties (CCPs). With Phase 2 commencing in June, buy-side firms
The Cayman Islands Government is prepared to commit to the Convention on Mutual Administrative Assistance in Tax Matters. It has also accepted invitations from UK Prime Minister David Cameron to attend two events on 15 June, immediately prior to
