The British Virgin Islands Financial Services Commission has introduced a new electronic reporting system for filing annual fund returns. Law firm Conyers Dill & Pearman says this will facilitate the commission’s regulation and monitoring of the British Virgin Islands funds
In its proposal for the State Budget 2010, to be adopted by the Luxembourg Parliament in December, the Luxembourg Government has included an exemption from subscription tax for microfinance investment funds. It follows a recommendation issued by the Association of
Butterfield Fulcrum Group (Ireland), an alternative fund administration company, has been licensed to provide fund administration services by the Irish Financial Services Regulatory Authority. Based in Dublin, Butterfield Fulcrum Group (Ireland) is now authorised under Section 10 of the Investment
The delay by the British Government in signing off on funding arrangements in the Cayman Islands is becoming a major cause for concern among leading business practitioners, according to the Cayman Islands Financial Services Association. Anthony Travers, chairman of CIFSA
The Financial Conduct Authority (FCA) has revealed its thematic supervisory plans for 2014/15 as a central part of its annual Business Plan. The supervisory plan contains much that will be of relevance to asset managers and provides an indication of
The Securities and Exchange Commission is adopting an interim final temporary rule under the Investment Company Act of 1940 to require a money market fund to report its portfolio holdings and valuation information to the SEC under certain circumstances. The
The Irish Stock Exchange has published a series of revisions to its listing rules, which are effective from 24 September 2009. Kinetic Partners says the revisions are a welcome and timely move by the exchange and are in keeping with
By Louise Guillemette (pictured, above) and Poseidon Retsinas (pictured, left), both Legal Counsel at Innocap Investment Management – The managed account space is evolving from the traditional standardised and commingled offering toward customisation for single investors. Innocap offers its investors dedicated investment vehicles of multiple types,
The Australian Securities and Investments Commission has obtained orders from the Federal Court in Perth to wind up Finchley Central Funds Management. Finchley is the responsible entity of a registered managed investment scheme known as Finchley Development Capital Funds. Within
The Alternative Investment Management Association and the Irish Funds Industry Association have published the revised edition of the Aima Guide to Sound Practices for Hedge Fund Administrators. The revised guide deals with the main functions typically carried out by hedge
