It is now one year in to the Swiss Collective Investment Scheme Act (CISA) and overall impressions appear to be that it has been a success. One particular aspect of CISA, namely the requirement for alternative fund managers marketing their
There was a degree of trepidation among foreign hedge funds when Switzerland formerly introduced a revised version of the Collective Investment Scheme Act (CISA) on 1 March 2015, bringing hedge funds under the watch of FINMA, Switzerland's financial regulator, for the
The Managed Funds Association (MFA) has filed a comment letter addressing the automated trading rules, known as Regulation AT, proposed by the Commodity Futures Trading Commission (CFTC). “MFA Members support the CFTC’s goal of modernising regulatory oversight of futures trading
Ahead of the deadline for full implementation of UCITS V on Friday (18 March), Matt Gibbs (pictured), product manager at Linedata, comments on the impact of the introduction of a published register of non-compliant firms… With changes introduced under UCITS
The US Commodity Futures Trading Commission (Commission) has unanimously approved proposed rules that mark a comprehensive regulatory response to the evolution of automated trading on US designated contract markets (DCMs). The proposed rules, known collectively as Regulation Automated Trading or
Solvency II regulation, which is aimed at European insurance providers to improve transparency on the cost of capital related to their underlying assets – think of it as Basel III for insurers – is set to make managed accounts an
The European Fund and Asset Management Association (EFAMA) and the International Capital Market Association’s (ICMA) Asset Management and Investors Council (AMIC) have published a joint paper analysing how and why leverage is used in investment funds in Europe, how firms
After initiating a Brexit solution that would have been MiFID based and anchored in Luxembourg, Laven Group has announced it is not pursuing this as a viable solution.
By Daniel Viola, Sadis & Goldberg – In the wake of the 2008 financial crisis, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act), overhauling the financial regulatory system. Congress required the US Securities & Exchange Commission
The private equity industry is currently navigating a number of challenges in addition to the Covid-19 pandemic, which the whole world is facing. As regulation and political will around environment, social and governance (ESG) factors grows, PE firms are coming
