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Legal & Regulation

Mark Baumgartner, Deloitte

Further opportunities for PE growth

Fri, 24/03/2017 - 13:43

For managers who may already be using an onshore Delaware LLC, they now have the opportunity to use a Bermuda LLC as an offshore vehicle. This follows the formal introduction of the Limited Liability Company Act 2016 (LLC Act), which was passed in the Senate in July 2016 and became operative on 1 October, 2016.  »

Melissa Morton, Bermuda Monetary Authority

A bespoke, risk-based approach to regulatory oversight

Fri, 24/03/2017 - 13:20

Bermuda's financial regulator, the Bermuda Monetary Authority, takes a risk-based approach to regulating and supervising the entities for which it is responsible, including investment funds, investment providers, fund administrators, trust companies, insurers and banks.  »

James Williams, Global Fund Media

Institutional framework for family offices

Fri, 24/03/2017 - 13:10

As family offices look for the best jurisdictions in which to establish trusts and wealth preservation vehicles, being able to benchmark the institutional quality of a specific jurisdiction and rely on high-quality outsourcing options, are increasingly important considerations. The following report provides an overview of how and why Bermuda is living up to these expectations.  »

Matthew Kerfoot, Dechert

Financial Stability Board targets fund finance

Mon, 13/03/2017 - 14:34

Dechert’s Matthew Kerfoot (pictured) comments on FSB’s newly issued Policy Recommendations on the use of leverage by investment funds… »

Cyprus flag

Invest in Cyprus - Strategic location

Mon, 20/02/2017 - 15:21

With its ideal geographical position at the crossroads of three continents – Europe, Africa and Asia, Cyprus plays a key role in the region of the Eastern Mediterranean. As a safe, transparent, modern business centre, the island is an ideal investment gateway to the European Union, as well as a portal for investment outside the EU, particularly into the Middle East, India and China. »

Donnacha O'Connor, Dillon Eustace

Ireland - Key factors in choosing an alternative investment fund domicile

Mon, 20/02/2017 - 15:16

By Donnacha O’Connor (pictured), Partner at Dillon Eustace – Ireland has a well-established reputation as a leading funds centre, being home to 6,470 regulated investment funds as of December 2016 according to the Central Bank of Ireland, and as a leading fund servicing centre. »

Wayne Gallichan, Locate Jersey

Jersey - Full guidance on setting up home and business

Mon, 20/02/2017 - 15:10

Locate Jersey is part of the Economic Development, Tourism, Sport and Culture department within the Jersey Government (`States of Jersey'). Headed up by Director of International Trade, Wayne Gallichan (pictured), the role of Locate Jersey is to promote Jersey as a place to do business and to attract suitable businesses to the island, as well as HNW individuals; particularly those that are still economically active.  »

BVI

British Virgin Islands - Providing a firm and reliable base for fund managers

Mon, 20/02/2017 - 15:05

Since 2012, the BVI has introduced three exciting and innovative investment fund products, namely: the BVI Approved Manager, the BVI Incubator Fund and the BVI Approved Fund. The Approved Manager was introduced at the end of 2012, followed by the Incubator Fund and Approved Fund in mid-2015, and each has been growing steadily since their launch. Currently, there are 140 Approved Managers, 21 Incubator Funds and 29 Approved Funds, based on figures published by the BVI Financial Services Commission (as of 30 September 2016).  »

Ivan Grech, FinanceMalta

Malta - Q&A with Ivan Grech and Anatoli Grech

Mon, 20/02/2017 - 14:58

Q&A with Ivan Grech, Head of Business Development, FinanceMalta & Anatoli Grech, Executive Secretary of the Malta Funds Industry Association. »

Richard Le Tocq, Locate Guernsey

Guernsey - Promoting and facilitating relocation

Mon, 20/02/2017 - 14:54

In a world where uncertainty appears to be replacing certainty, Guernsey is underlining its inherent stability amidst the changes that are affecting the regulatory, commercial and political realms.  »

A ‘KURE’ for regulatory fatigue

Mon, 06/02/2017 - 11:12

By Ras Sipko, KOGER – For the past four years, alternative fund managers with US investors have been coming to terms with the far-reaching effects of the Foreign Account Tax Compliance Act or FATCA. Some 60-plus countries have signed up to cooperate with the IRS in order to enforce FATCA and this year the compliance burden is set to grow yet again. On 31st May 2017, fund managers will have to submit their first filing under the OECD Common Reporting Standards initiative, which can best be thought of as global FATCA or 'GATCA'. »

James Williams, Global Fund Media

Multiple growth drivers boost Ireland’s Funds Industry

Mon, 06/02/2017 - 11:04

There are a number of encouraging developments in Ireland that would, on the surface, appear to place it on a strong footing to further enhance its reputation as Europe's leading onshore alternative funds jurisdiction.  »

Cyril Delamere, ML Capital

ML Capital evolves fund solutions offering

Mon, 06/02/2017 - 10:55

ML Capital, one of Ireland's leading management company groups, has grown to exceed EUR3 billion of AUM over the last 12 months. The growth trajectory over recent years has enabled ML Capital to evolve from being a leading UCITS platform operator to being more of a fund solutions provider to managers and investors alike.  »

John Bohan, Apex Fund services

Moving towards the paperless office

Mon, 06/02/2017 - 10:50

The Irish Government is keen to embrace the FinTech revolution as is evidenced by its IFS2020 strategy for International Financial Services, which aims to create 10,000 new jobs in the IFS sector by 2020.  »

Linda Gorman, Quintillion

Forging closer links with clients

Mon, 06/02/2017 - 10:42

Alternative fund managers have had a myriad of regulatory change to contend with over recent years. In the early stages, many chose to take on the reporting burden themselves. This was very much a learning curve.  »

James Williams, Global Fund Media

Ireland: Positioning to be the European RegTech leader

Mon, 06/02/2017 - 10:34

Dublin's International Financial Services Centre (IFSC) employs over 38,000 people and is home to some of the world's leading financial institutions; industry stalwarts such as Merrill Lynch, ABN Amro, JP Morgan.  »

Gina Miller, SCM Direct

UK government loses Gina Miller Brexit vote appeal

Tue, 24/01/2017 - 09:51

A majority of eight to three of the Supreme Court judges has found in favour of Gina Miller’s (pictured) campaign that the UK Government cannot trigger Article 50 to begin the formal process of leaving the European Union without an Act of Parliament.  »

Davina Garrod, Akin Gump

For financial markets and industry alike, the UK's fate must be known as soon as possible

Thu, 03/11/2016 - 14:33

Akin Gump London partner Davina Garrod (pictured), who focuses on trade and financial regulatory issues, comments on the High Court ruling that the UK Government may not invoke Article 50 without parliamentary approval… »

Gina Miller, SCM Direct

Investment manager causes UK government to re-think Brexit plans

Thu, 03/11/2016 - 13:32

Investment manager Gina Miller (pictured) has won a High Court ruling forcing the UK government to hold a vote in Parliament over its plans to start the process of leaving the European Union. »

Information

Asset managers must address solvency issues

Wed, 05/10/2016 - 13:30

Tim Thornton, COO, Fund Services, MUFG Investor Services, comments on the rising capital requirements for fund managers… »

Geoff Cook, Jersey Finance

Beneficial ownership agreement re-affirms commitment to combatting global financial crime

Tue, 12/04/2016 - 09:49

Geoff Cook (pictured), Jersey Finance CEO, comments on David Cameron’s announcement of an agreement by the Crown Dependencies and Overseas Territories to provide beneficial ownership information to the UK Government… »

EDHEC Risk raises concerns on regulation of financial benchmarks

Fri, 27/11/2015 - 12:23

EDHEC Risk has issued a statement that it “regrets that the future text on European regulation of benchmarks organises opacity in the index provision market”.  »

Information sign

EatonVance releases new information on proposed actively-managed ETF structures

Tue, 28/07/2015 - 07:15

Eaton Vance Corp has released information concerning the regulatory status of proposed "portfolio-protected" active exchange-traded fund (ETF) structures that, if approved, could be competitive with the firm’s new NextShares funds. »

Gavel

Fund managers could face regulatory sanctions over EMIR

Wed, 11/02/2015 - 13:28

Tim Thornton, Chief Data Officer, Mitsubishi UFJ Fund Services, says fund managers could face regulatory sanctions over EMIR… »

Information sign

FFIs must be FATCA compliant as deadline approaches

Mon, 29/12/2014 - 14:00

Tim Thornton, Chief Data Officer at Mitsubishi UFJ Fund Services, comments on the December 31 FATCA deadline… »

Fraud

F-Squared to pay USD35m to settle SEC charges over false performance claims

Tue, 23/12/2014 - 14:00

F-Squared Investments has agreed to pay USD35 million and admit wrongdoing to settle SEC charges that it defrauded investors through false performance advertising about its flagship product. »

Regulation

AIFMD will bring ‘greater stability’

Mon, 21/07/2014 - 14:54

Arnaud Claudon, head of depositary banking, BNP Paribas Securities Services, says AIFMD will bring ‘greater stability’ to European alternatives market… »

Africa

Market Vectors Egypt and Africa ETFs to begin accruing for potential tax liability

Fri, 18/07/2014 - 14:00

In response to a 10 per cent tax liability imposed by Egypt on dividends and capital gains from investments in Egyptian issuers, Market Vectors Egypt Index ETF (EGPT) and Market Vectors Africa Index ETF (AFK) will begin accruing for such tax. »

Union Jack Pound

British firms fined over GBP500m by FCA in 2013, says Kinetic Partners

Wed, 18/06/2014 - 14:06

The Financial Conduct Authority (FCA) penalised British firms a total of GBP506.94m (USD770m) in 2013, according to research from Kinetic Partners. »

Regulation

Rise of big data to put UK financial services firms in regulatory firing line

Thu, 12/06/2014 - 06:00

The exponential growth of Big Data will trigger a sharp rise in UK financial services firms being investigated, and potentially fined, by regulators, according to Data-as-a-Service provider Anomaly42. »

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