Cayman Finance has welcomed the European Securities and Markets Authority’s (ESMA) decision to move forward with assessments and recommendations in regards to the extension of the AIFMD Passport to non-EU AIFMs and AIFs. “We are happy to see this formal
The European Securities and Markets Authority (ESMA) has published its Advice in relation to the application of the AIFMD (Alternative Investment Fund Managers Directive) passport to non-EU Alternative Investment Fund Managers (AIFMs) and Alternative Investment Funds (AIFs) and its Opinion
The European Securities and Markets Authority (ESMA) has made a recommendation to the European Parliament, Council and Commission, that Jersey should be amongst those ‘third countries’ granted an AIFMD passport. This recommendation follows ESMA last year issuing a ‘Call
Managing Partners Limited (MPL) has launched a new service to help the thousands of Swiss asset management firms it believes are now struggling to meet – and are already breaching – new rules introduced by regulator FINMA. FINMA is raising
The Isle of Man Government has launched new legislation in respect of Insurance Special Purpose Vehicle (ISPV) legislation which enhances the Island’s proposition for insurance business. This new legislation is designed specifically to facilitate Insurance Linked Securities (ILS) and similar
The Irish Funds Industry Association (IFIA) has welcomed the enactment of the Irish Collective Asset-management Vehicle (ICAV) Bill, signed into Irish law by the Irish president late last week. And the IFIA has confirmed that alternative asset manager Permal Group
Permal is one of the first fund managers to take advantage of the new Irish Collective Asset management Vehicle or ICAV structure, with plans to use it to bring up to USD4bn of assets onshore. Under the new legislation,
The Financial Conduct Authority (FCA) has fined Aviva Investors Global Services (Aviva Investors) GBP17,607,000 for systems and controls failings that meant it failed to manage conflicts of interest fairly. These weaknesses led to compensation of GBP132,000,000 being paid to ensure
“One of the most important considerations for us when choosing the legal representative was that they had a strong compliance structure,” affirms Leila Khazaneh (pictured), general counsel at Jabre Capital Partners, one of Switzerland’s most established hedge fund managers. Khazaneh
ConceptONE has facilitated the successful submission of AIFMD Annex IV filings for clients in multiple EU jurisdictions utilising its RegERM platform. “Our team assisted our numerous clients to meet the Annex IV challenge utilising our proprietary technology, superior service and deep
