Broadridge Financial Solutions has launched a new solution to support investment firms with their MiFID II ex-post reporting obligations outlined under Article 50 of the Delegated Regulation. This latest solution is part of a suite of MiFID II services developed
The US Securities and Exchange Commission (SEC) has charged a London-based hedge fund adviser GLG Partners and its former US-based holding company with internal controls failures. The failures led to the overvaluation of a fund’s assets and inflated fee revenue
By Philippe Matélic, Director, Regulatory Compliance Team, Kinetic Partners (Luxembourg) Management Company – How to connect your ideas to the market: The fund industry is constantly generating new ideas. But, as in other industries, each needs to move through from
The London Metal Exchange (LME) has delivered the systems modifications to support its members and clearing house in response to the European Market Infrastructure Regulation (EMIR) requirements. The on-schedule delivery of the technology changes means that LME members can make
The UK Court of Appeal has today handed down judgment in a case which considers the circumstances in which an individual who enters into a members’ agreement in a limited liability partnership may be considered to be an employee. Jonathan
The introduction of new legislation in Jersey that enables the establishment of Limited Liability Companies (LLCs) has the potential to significantly enhance pan-Atlantic business with the US, according to Jersey Finance. The Draft Limited Liability Companies (Jersey) Law was approved
The Bermuda Monetary Authority (BMA) has released an Information Bulletin outlining what documentation is required when submitting an application for a digital asset business (DAB) licence. The Digital Asset Business Act 2018 (the Act) makes provision for DAB licenses. To
ICAP Capital Markets, now known as Intercapital Capital Markets, is to pay a USD50 million penalty to settle US CFTC charges that, through certain of its brokers, it aided and abetted numerous attempts by several of its bank clients to
By Don Steinbrugge, Agecroft Partners – Judge Steven W Rhodes’ ruling that the City of Detroit is officially bankrupt and that pension benefits for public pension fund beneficiaries may be reduced will have major repercussions throughout the public pension fund
‘Wild West’ crypto-assets should be regulated according to the UK Treasury Committee which has published a unanimously-agreed report on crypto-assets for its Digital Currencies inquiry. The report finds that problems include volatile prices, hacking vulnerabilities, minimal consumer protection, and anonymity
