Although perceived as a very safe and conservative country, Luxembourg has embraced innovation in a number of ways that continue to set it apart from many of its competitors. In many respects, Luxembourg got it right in 2013 when it
Joseph Dufresne (a/k/a Joseph James) and Megan Renkow (a/k/a Megan James), and their companies, United Business Servicing, LLC and United Business Servicing, Inc. (collectively United Business) are to pay USD4.9 million to settle CFTC charges regarding a the fraudulent sale
FIX Trading Community has released its Recommended Practices for Commission Unbundling as required by MiFID II. MiFID II has introduced the requirement to explicitly separate commissions into their component parts (eg execution, research) with a focus on the specific identification
Over two-thirds (67 per cent) of alternative investment fund managers believe the prospect of regulatory arbitrage between European Union member states seeking to attract business is likely to grow over the next two years, according to a new study. The
SmartStream Technologies has launched a new derivatives component for its Systematic Internaliser (SI) Registry service, to help clients meet the 15 September MiFID II deadline.
Thomson Reuters has enhanced its reference-data solutions available on its integrated data and analytics delivery platform, DataScope, to assist firms in complying with MiFID II requirements. Thomson Reuters DataScope will deliver key regulatory content and will link crucial information, such
By Ras Sipko, KOGER – For the past four years, alternative fund managers with US investors have been coming to terms with the far-reaching effects of the Foreign Account Tax Compliance Act or FATCA. Some 60-plus countries have signed up to
There are a number of encouraging developments in Ireland that would, on the surface, appear to place it on a strong footing to further enhance its reputation as Europe's leading onshore alternative funds jurisdiction. If one looks at fund growth,
The Irish Government is keen to embrace the FinTech revolution as is evidenced by its IFS2020 strategy for International Financial Services, which aims to create 10,000 new jobs in the IFS sector by 2020. One particular area of innovation underway
Alternative fund managers have had a myriad of regulatory change to contend with over recent years. In the early stages, many chose to take on the reporting burden themselves. This was very much a learning curve. However, as the complexity
