With the financial sector as a whole awaiting a regulatory clampdown following the mayhem of the past 18 months, the UK’s Financial Services Authority has unveiled proposals to extend the
The European Securities and Markets Authority (ESMA) has launched a first round of consultations to prepare for central clearing of OTC derivatives within the European Union. The two consultation papers seek stakeholders’ views on draft regulatory technical standards (RTS) for
The Upper Tribunal (Tax and Chancery Chamber) has directed the Financial Services Authority (FSA) to fine Michiel Weiger Visser GBP2 million and Oluwole Modupe Fagbulu GBP100,000 and ban them both from performing any role in regulated financial services for breaching
The Alternative Investment Management Association, the trade body for the global hedge fund industry, has responded to the European Commission’s consultation paper on hedge funds and ca
The Cayman Islands funds industry is living in a state of ‘suspended disbelief’ concerning its response to the Foreign Tax Compliance Act (FATCA), according to a new report from DMS Offshore Investment Services. The DMS report says that as the
The majority of US-based hedge fund management firms are currently registered as investment advisors with the Securities and Exchange Commission, according to a report by Chicago-based ind
The European Investors Working Group has met for the first time in Brussels to set the agenda for the group’s contribution towards creating an efficient, effective and globally competit
Two senior US senators, Michigan Democrat Carl Levin and Iowa Republican Charles Grassley, have taken the first steps toward the inevitable introduction of regulation of US hedge funds and
The International Organization of Securities Commissions’ technical committee has published a consultation paper on disclosure principles for public offerings and listings of asset-back
