With the recent introduction of the Notified AIF regime, Malta is positioning itself to provide fund promoters with an unregulated fund where speed to market is of the essence. Over the years, Malta has become a jurisdiction of choice for
The shock Brexit result this June sent ripples across Europe as individual Member States absorbed the news. And whilst some jurisdictions have been quick to seize the initiative on the back of the uncertainty that UK firms face – especially
The Commodity Futures Trading Commission (CFTC) has issued an order approving the transfer of all open interest in credit default swaps (CDS) at the Chicago Mercantile Exchange (CME) to ICE Clear Credit (ICC). The CFTC acted at the request of
Huobi Asset Management (Hong Kong), the wholly-owned asset management subsidiary of Huobi Technology Holdings, has been granted with Type 4 (advising on securities) and Type 9 (asset management) licenses by the Securities and Futures Commission (SFC) to conduct the respective
The Commodity Futures Trading Commission (CFTC) has charged Jason B Scharf, a worldwide web of companies he controlled, and affiliate marketer Michael Shah and his company Zilmil, with unlawfully soliciting and accepting more than USD16 million in connection with illegal
BNP Paribas has agreed a settlement with the Board of Governors of the Federal Reserve System (FRB) relating to past misconduct in its foreign exchange business. Under this settlement with the FRB, BNP Paribas will pay a fine of USD246
By Nick Bayley (pictured), Duff & Phelps – Unsurprisingly, even a MiFID II geek like me prefers to spend time enjoying the Lions tour and Wimbledon than with the FCA’s second MiFID II Policy Statement which runs to over a
By George Ralph (pictured), RFA Financial Cloud and Technology Services – It’s a widely held misconception that heavily regulated industries are the least agile, and the slowest to innovate. In the financial services sector particularly, there is a tendency to
By George Ralph (pictured), RFA – 2017 is as good a time as any to be starting a new alternative investment firm, certainly better than it would have been a decade ago, but there are some key areas of focus
The US Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against Daniel Winston LaMarco and his company, GDLogix Inc, charging them with off-exchange foreign currency derivatives (forex) fraud, commodity pool fraud, and failure to register with the
