Bermuda is the latest jurisdiction to update its regulation in response to the rising prominence of blockchain technology innovation and Initial Coin Offerings. The Companies and Limited Liability Company (Initial Coin Offering) Amendment Act, 2018 (the “ICO Act”), came into force on
Last week, new rules from the UK’s Financial Services Authority came into force under which hedge funds and other investors must reveal their positions when shorting firms that are in the
Bermuda’s Insurance Linked Securities (ILS) marketplace has proven to be resilient over the years. The Bermuda Stock Exchange (BSX) has significantly outpaced other global markets and now lists more than 300 insurance linked securities, collectively representing USD30.92 billion, with international
On 17 December 2018, Bermuda formally introduced the Economic Substance Act 2018, the measures therein becoming applicable with effect from 1st January, 2019. Its genesis resulted from Bermuda being placed on the EU’s grey list of jurisdictions due to concerns over
The Hedge Fund Association, an international organisation that represents hedge funds, service providers and investors, believes liberalised advertising and solicitations rules contained in the new Jumpstart Our Business Startups (JOBS) Act would help hedge funds raise assets and “encourage emerging
Following consultation feedback, the Financial Conduct Authority (FCA) has confirmed all firms acting in or from the UK are prohibited from selling, marketing or distributing binary options to retail consumers. The new rules tackle widespread concerns about the inherent risks
‘The entire sub-prime market is toast,’ read an e-mail between Ralph Tannin and Matthew Cioffi, two former Bear Stearns hedge fund managers who stand accused of having known their portfoli
The Alternative Investment Management Association, the international hedge fund industry association, has formally registered its concern with the UK’s Financial Services Authority over th
The Depository Trust & Clearing Corporation’s (DTCC) expansion of its Sponsored Service of its subsidiary Fixed Income Clearing Corporation (FICC) has been approved by the Securities and Exchange Commission (SEC). DTCC views this as the latest milestone in the transformation
The US Commodity Futures Trading Commission has announced a series of restrictions on trading by US investors on the ICE Futures Europe market in London, setting up a potential jurisdictio
