Yesterday saw another new rule announced by the Financial Services Authority but, in contrast to its earlier clampdown on short selling, this time the UK financial watchdog has done a full
The UK’s Financial Services Authority has unveiled new rules requiring holders of long stock positions through contracts for difference to disclose holdings above 3 per cent in order to ad
The Alternative Investment Fund Managers Directive (AIFMD) has many moving parts for alternative investment fund managers to get their heads around. But perhaps one of the most salient issues they face – particularly managers running offshore funds – is the
Nearly three-quarters of senior alternative investment professionals taking part in a survey by PricewaterhouseCoopers believe that the industry should be regulated more formally, while on
Uneven progress is being made in implementing the Alternative Investment Fund Managers Directive (AIFMD) across the European Union, according to a joint study by hedge fund industry association the Alternative Investment Management Association (AIMA) and EY, the multinational professional services
Hedge funds are adopting a wait-and-see approach to compliance with regulation due to the complexity of workload involved, according to a study by Deutsche Bank. Legal, compliance and regulatory matters now rank as the top contributor to their non-investment workload.
UBS Fund Services has launched its Depositary "Lite" platform to help managers of offshore funds fulfil the requirements of the Alternative Investment Funds Directive (AIFMD). UBS will conduct the cash flow monitoring, safekeeping and general oversight requirements as required by
The Financial Conduct Authority (FCA) has fined US-based high frequency trader Michael Coscia USD903,176 (GBP597,993) for deliberate manipulation of commodities markets. This is the first time the FCA has taken enforcement action against a high frequency trader, and reflects the
FNEX, the alternative investment marketplace, has formed a partnership with Corgentum Consulting whereby its due diligence reviews and background investigation of fund managers sourcing deals on the FNEX.com platform will be available to accredited investors. FNEX, which launched last month,
The division of swap dealer and intermediary oversight (DSIO) of the Commodity Futures Trading Commission (CFTC) has issued an advisory on the applicability of transaction-level requirements in certain cross-border situations. The DSIO was responding to an inquiry from swap market
