The Commodity Futures Trading Commission’s Division of Clearing and Risk (DCR) has issued a time-limited no-action letter to the Singapore Exchange Derivatives Clearing Limited (SGX-DC). In the letter, DCR states that it will not recommend that the Commission take enforcement
With Guernsey’s new opt-in AIFMD equivalent regime effective from 2 January 2014, Fiona Le Poidevin, chief executive of Guernsey Finance, explores how the island offers optionality and substance to fund managers. There is no escaping from the fact that the
Last week the US Treasury Department formally dropped its proposals for anti-money laundering regulations governing the hedge fund industry.
The Securities and Exchange Commission has filed fraud charges against three brokerage subsidiaries and two former employees of a global trading services provider. According to the charges, many institutional clients subsequently paid substantially higher amounts than disclosed for the execution
Important concessions by the UK Treasury in relation to the Alternative Investment Fund Managers Directive (AIFMD) have been announced, according to specialist financial services regulatory consultancy Bovill. Deadlines surrounding AIFMD will be relaxed, following concerns by the financial services sector
Ernst & Young’s Andrew Dann examines the factors that make Jersey an attractive relocation prospect for UK-based hedge fund managers. The launch last year of th
Nick Kershaw from the Jersey office of law firm Ogier outlines the key attractions of using a JPUT for holding property, in addition to Section 64A. There is widesp
The US Commodity Futures Trading Commission has charged Boca Raton, Florida-based Michael A.
The UK’s Financial Services Authority has eased its reporting requirement for short sales following a review but otherwise plans to make no changes to the regime, which bars the taking of
Robert Mirsky, Global Head of Hedge Funds and a Partner at KPMG’s UK Financial Services Practice and Jon Mills, UK Head of Financial Services Audit and Global Head of Audit for KPMG’s Investment Management and Funds Practice – share their
