INDOS Financial Limited has received authorisation from the Financial Conduct Authority (FCA) as an Article 36 Custodian to provide AIFMD depositary-lite services to non-EU alternative investment funds. INDOS is the first independent UK authorised depositary specialising in hedge funds. Following
Despite opposition from two of the European Union’s biggest fund jurisdictions, EU finance ministers have backed the introduction of a so-called passport for investment fund managers as pa
The Commodity Futures Trading Commission’s office of general counsel has announced the issues of no-action letters allowing futures contracts based on Korean and Thai equity indices to be
The Financial Stability Board (FSB) and the International Organisation of Securities Commissions (IOSCO) have published a consultation document on global systemically important financial institutions (G-SIFIs). The document sets out proposed assessment methodologies for identifying non-bank non-insurer (NBNI) G-SIFIs. Systemically
Irving H Picard, SIPA Trustee for the liquidation of Bernard L Madoff Investment Securities (BLMIS), has filed two motions with the US Bankruptcy Court seeking approval of recovery agreements totalling USD543m for BLMIS customers. The motions seek court approval to
The technical committee of the International Organisation of Securities Commissions has launched task forces to examine issues associated with short selling, unregulated financial markets
The French and German governments have been urging action for months to tackle what they see as a lack of constraints on hedge funds and their managers that has contributed to the global c
Kuwait-based Global Investment House says that following the court-ordered suspension of the Kuwait Stock Exchange last week, the national authorities need to act decisively to restore inv
The National Futures Association has permanently barred from NFA membership True Vector Trading Group, an introducing broker formerly located in Delray Beach, Florida, and its principal James Douglas of Galveston, Texas. The decision, issued by NFA’s business conduct committee, is
The US Commodity Futures Trading Commission and UK Financial Services Authority have signed a memorandum of understanding to enhance cooperation and the exchange of information relating to
