The Irish Funds Industry Association (IFIA) has welcomed the consultation by the Central Bank of Ireland (CBI) to enhance fund management company effectiveness and efficiency. The consultation proposes further enhancements to the existing governance structure and includes a proposal to
The European Securities and Markets Authority (ESMA) has launched a consultation on the new Market Abuse Regulation (MAR) which entered into force on 2 July 2014. ESMA is issuing two consultation papers seeking stakeholders’ views on the draft regulatory and
The Financial Conduct Authority (FCA) has fined Deutsche Bank AG London Branch GBP4,718,800 for incorrectly reporting transactions between November 2007 and April 2013. Deutsche failed to properly report 29,411,494 equity swap CFD (contracts for difference) transactions. The
Indus Valley Partners (IVP) has extended its Managed Services offering to include regulatory filings for hedge funds, private equity funds and other alternative asset managers. IVP RAPTOR is a regulatory technology solution supporting over USD375bn in regulatory assets under management.
By Fiona Le Poidevin – A number of clean energy funds have been launched in the last two years, a significant proportion of which have raised capital through a listing on an international stock exchange. Many have also their choice of domicile
By Olivier Sciales, Chevalier & Sciales – Luxembourg’s Financial Sector Supervisory Authority According has published Circular 14/591 on July 22, addressed to all open-ended UCITS funds governed by the grand duchy’s legislation of December 17, 2010, regarding the protection of
Gottex Fund Management has received FINMA approval for its merger with EIM Group. The merger is expected to complete during August. The combined firm has USD8.5 billion in fee earning assets and will be one of the leading independent
The US CFTC has issued an order against Lloyds Banking Group and Lloyds Bank, bringing and settling charges for acts of false reporting and attempted manipulation of the London Interbank Offered Rate (LIBOR) for Sterling, US Dollar and Yen. The order finds
The European Securities and Markets Authority (ESMA) has launched a consultation on the calculation of counterparty risk by UCITS which enter into OTC derivative transactions that need to be centrally cleared under the European Markets Infrastructure Regulation (EMIR). The UCITS
The number of funds notifying the Jersey Financial Services Commission (JFSC) of their intention to privately place into Europe under AIFMD rules has broken through the 150 mark. Figures collated by the JFSC show that, as at 22 July, a
