The Bermuda Monetary Authority is advancing preparations to sign a cooperation agreement with Europe under the Alternative Investment Fund Managers Directive (AIFMD). The AIFMD is due to be implemented across Europe by 22 July 2013. The Authority has been in
A framework for incorporated cell companies in the insurance sector was created in the Cayman Islands on 25 March, when the Legislative Assembly passed an amendment to allow the registration of portfolio insurance companies (PICs) within segregated portfolio company insurers
Two law firms in the Cayman Islands have agreed to merge early in the new year forming one of the strongest and most experienced practices in the Caribbean. Travers Thorp Alberga and Paget-Brown will continue as Travers Thorp Alberga with Ian
European Union economic affairs and finance ministers have reached agreement on the controversial proposed Directive on Alternative Investment Fund Managers, raising the prospect that the legislation could be finalised by a vote in the European Parliament next month. The EU
The Technical Committee of the International Organization of Securities Commissions has formed a Task Force on OTC Derivatives Regulation. It aims to coordinate securities and futures regulators’ efforts to work together in the development of supervisory and oversight structures related
The UK’s Association of Investment Companies has welcomed the publication by the Financial Services Authority of proposals that will require the disclosure of contracts for difference and
It was only a matter of time, wasn’t it?
The BVI Court has confirmed the appointment of John Greenwood and Hadley Chilton of Baker Tilly (BVI) Limited as liquidators of four hedge funds incorporated in the BVI, and has decided that a US receiver attempting to claim assets owned
AIMA has delivered a robust response to the UK FSA’s discussion paper, stressing that regulation should not weaken the UK’s competitive advantage. The Alternative I
The Commodity Futures Trading Commission has commended the US Attorney’s Office for the Western District of Virginia for the successful prosecution of Ted James Johnson of Pearisburg, Virg
