The Cayman Islands has indicated to the UK government that it is committed to joining the G5 pilot, recently announced by the UK, France, Germany, Italy and Spain, on multilateral automatic exchange of tax information. This decision follows a
The CFTC has approved for publication in the Federal Register a Concept Release on Risk Controls and System Safeguards for Automated Trading Environments. The Concept Release reflects the Commission’s ongoing commitment to the safety and soundness of US derivatives markets
Law firm Ogier outlines the key points of Jersey’s proposal to create a more integrated approach to the regulation of investment fund service providers. The Jersey Financial Services Commission (the JFSC) has just released a proposal for transitioning the regulation
New York-based hedge fund adviser Philip A Falcone and his advisory firm Harbinger Capital Partners have agreed to pay more thean USD18 million and admit worngdoing to settle chrages brought by the US Securities and Exchange Commission. Falcone has also
One of the discussion panels at the Bloomberg Hedge Fund Start-up Conference on 28 November 2012 in London explored some of the legal issues start-up managers need to think about when establishing both the fund, and the fund management structure.
By Douglas Shulman, Director, Regulatory Compliance, Kinetic Partners – The Madoff fraud was a turning point for the regulatory environment and the US Securities and Exchange Commission (the “SEC” or the “Commission”). The Commission suffered great damage to its reputation, as
The impact of new regulations in the financial services industry is by far the most important systemic-risk concern facing the global capital markets, according to a recent client survey conducted by The Depository Trust & Clearing Corporation (DTCC). The
The Cayman Islands Government (CIG) has concluded negotiations with the US on a Model 1 intergovernmental agreement (IGA) and a new tax information exchange agreement (TIEA). The agreements pave the way for automatic exchange of information (AEOI) under the
Dr Sven Zeller, partner at Clifford Chance, and Patrick Schmidt, associate at Clifford Chance, say that more needs to be done to improve Germany’s legal framework for hedge funds.
Guernsey lawyers from the international legal and financial services group Ogier have advised Gottex Fund Management on the London Stock Exchange listing of the first fund to take advantag
