The Commodity Futures Trading Commission issued an order simultaneously filing and settling charges against JP Morgan Chase Bank, JP Morgan Securities , and JP Morgan Securities plc (collectively, JPMorgan), for failing to maintain, preserve, and produce records that were required
GAM Holding AG’s UK subsidiary, GAM International Management Limited (GIML), has reached a GBP9.1 million settlement with the Financial Conduct Authority (FCA), over the operation of GIML’s conflicts of interest framework between November 2014 and October 2017 and conflicts of
The Cyprus Securities and Exchange Commission (CySEC) is amendinf Directive 87-04, in an effort to ensure the smooth transition of UK groups operating under the Temporary Permissions Regime (TPR), until they establish a physical presence in Cyprus. CySEC originally introduced
Consistent regulatory updates contribute to a robust legal framework, which supports product development innovation, which sits at the heart of the Bahamian endeavors to encourage growth in the financial services industry. These continued efforts are critical for the jurisdiction to
Irish Funds has welcomed the targeted approach taken by the European Commission in the publication of the legislative proposal amending the Alternative Investment Fund Managers Directive (AIFMD) and the move towards greater supervisory convergence.
The Alternative Investment Management Association (AIMA) and Alternative Credit Council (ACC) have cautiously welcomed the Capital Market Union (CMU) initiatives proposed by the European Commission. Capital markets play a key role in funding and supporting sustainable economic growth across the
EFAMA has welcomed the European Commission’s review of the Alternative Investment Fund Management Directive (AIFMD), setting out targeted improvements to key provisions in the current framework. Such targeted improvements will make strides in advancing the Capital Markets Union. At the
ALFI has issued a statement following the publication of a draft directive amending Directive 2011/61/EU on Alternative Investment Fund Managers and of a draft regulation amending Regulation (EU) 2015/760 on European Long-Term Investment Funds. The European Commission published a legislative
Increasingly sophisticated fraudsters are relieving capital-raising projects of USD100,000s through fee-frauds, according to Private Debt Investor (PDI), which caters for private debt lenders including hedge, alternative investment and other private capital funds worldwide. Research by the Project Finance Exchange (PFX)
The Commodity Futures Trading Commission (CFTC) has made awards totalling nearly USD1 million to two whistleblowers whose information led the CFTC to bring a successful enforcement action. Both whistleblowers provided significant information and substantial assistance to CFTC staff during the
