The US Commodity Futures Trading Commission (CFTC) has issued a time-limited no-action letter that extends relief to swap dealers (SDs) registered with the Commission that are established under the laws of jurisdictions other than the US from certain transaction-level requirements
SS&C Technologies is now supporting 150 customers through the SS&C GlobeOp Regulatory Solutions Group, which assists funds of all types with Form PF, FATCA, AIFMD and other compliance and reporting rules. Recent additions in the first quarter of 2014 take
The Alternative Investment Management Association has warned that a provision of the Alternative Investment Fund Managers Directive that is currently being debated in Brussels is protectionist. Aima’s expression of concern comes after the publication of the most recent AIFM directive
More than 200 hedge fund offerings now comply with Ucits III guidelines, according to Hedge Fund Research, a provider of data and analysis of the hedge fund industry. The number has grown rapidly in the last 18 to 24 months,
The US Commodity Futures Trading Commission (CFTC) has issued a time-limited no-action letter that provides relief to each of the five Canadian banks that are registered with the CFTC as swap dealers. The five Canadian banks covered by the no-action
Following Argentina's agreement to resolve its USD9.7 billion in debts to Paris Club member nations within five years, American Task Force Argentina co-chairs Robert Shapiro and Ambassador Nancy Soderberg have declared their support for Argentina's pledge to act responsibly and
Lawrence J Herzing, the former controller of Contrarian Capital Management, has been sentenced to four years in prison after being found guilty of embezzling more than USD9 million from the Greenwich-based hedge fund. Herzing’s 48-month jail term will be followed
Clearstream has issued the Domestic Markets Monitoring Report to support depositary banks in managing their new obligations as stipulated by the Alternative Investment Fund Manager Directive (AIFMD). AIFMD enters into force on 22 July 2014, imposing tight restrictions on the
Offshore law firm Ogier is to offer Guernsey and Jersey legal and fiduciary services in Asia. In May, Guernsey and Jersey lawyers will be relocating to the firm’s Hong Kong office, where the firm has an established BVI and Cayman
The US Bankruptcy Court for the District of Delaware has granted protection over the US assets of a Cayman Islands exempted company in liquidation. The company, SIFCO5, is subject to official liquidation proceedings in the Cayman Islands, which the Bankruptcy
