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Legal & Regulation

Tom Lingard, Stevens & Bolton

Beware the perils of intellectual property rights

Tue, 23/06/2015 - 11:00

James Williams writes on the importance of nailing the IP when funding a start-up. »

Beverly Chandler

Regulatory fines more than double in the UK

Tue, 16/06/2015 - 11:08

Kinetic Partners' 2015 Global Enforcement Review reveals that the Financial Conduct Authority penalised firms a total of GBP1.47 billion in 2014, with an average value of fines up by two and a half times on 2013, at GBP36.79 million compared with GBP9.88 million in 2013. »

pound signs

BNY Mellon to pay GBP126m penalty following FCA CASS compliance investigation.

Wed, 15/04/2015 - 19:00

BNY Mellon is to pay a penalty of GBP126 million following an investigation by the UK Financial Conduct Authority (FCA) into the company’s compliance with relevant FCA Principles and UK Client Asset Sourcebook (CASS) rules between November 2007 and August 2013. »

Beat Blattner, Head Representative Services, UBS Global Asset Management.

Regulatory compliance and confidentiality are key considerations when choosing a legal representative

Tue, 10/03/2015 - 17:14

As of 1 March 2015, it has become mandatory for fund managers distributing their products in Switzerland to commission a Swiss legal representative and paying agent. Regulatory compliance is the name of the game when it comes to the service provided by UBS.  »

Paul Schott Stevens, ICI

FSB G-SIFI consultation is a ‘giant step backward’

Thu, 05/03/2015 - 11:08

The Financial Services Board’s (FSB) latest consultation to examine investment funds and asset managers is a ‘giant step backward’, according to ICI President and CEO Paul Schott Stevens. »

James Williams, Hedgeweek

Managers face Swiss Legal Representative requirement

Tue, 24/02/2015 - 20:22

The sands of time are running out for hedge fund managers wishing to continue distributing their funds to Swiss investors. As of 1 March 2015, any foreign hedge fund looking to raise assets in Switzerland from qualified investors will be required to appoint a Swiss legal representative and paying agent.  »

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… »

hands shaking

Fund managers begin positioning for money fund reform, says Fitch

Wed, 11/02/2015 - 11:45

Six months after the SEC voted on reforms, money fund managers are beginning to take steps to comply with the new rules and position themselves to retain and attract clients, according to Fitch. »

man with megaphone

Centrale de Reassurance mandates SGSS for Solvency II offering

Wed, 11/02/2015 - 11:30

Societe Generale Securities Services (SGSS) has been mandated by Caisse Centrale de Réassurance (CCR), the French State reinsurance company, in order to meet the requirements of the Solvency II Directive, to provide fund look-through reporting, data enrichment, market risk Solvency Capital Requirement (SCR) calculations and financial risk monitoring reports. »

gavel and law books

DTCC’s legal entity identifier service gathers significant momentum in 2014

Tue, 10/02/2015 - 10:30

The Depository Trust & Clearing Corporation’s (DTCC) Global Markets Entity Identifier (GMEI) utility, offered in collaboration with SWIFT, has issued over 165,000 legal entity identifiers (LEIs) to entities from over 140 jurisdictions, representing approximately 50% share of the LEIs issued worldwide. »

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… »

Tick

DAX index family new compliant with IOSCO Principles for Financial Benchmarks

Wed, 24/12/2014 - 14:00

The DAX index family now comply with the International Organisation of Securities Commission’s (IOSCO) Principles for Financial Benchmarks.  »

Louise Guillemette, Innocap

Customisation: Perspective on trading

Tue, 09/12/2014 - 10:40

By Louise Guillemette (pictured, above) and Poseidon Retsinas (pictured, left), both Legal Counsel at Innocap Investment Management – The managed account space is evolving from the traditional standardised and commingled offering toward customisation for single investors. Innocap offers its investors dedicated investment vehicles of multiple types, across multiple jurisdictions, featuring multiple fund administrators and service providers. »

Welcome matt

AllianzGI welcomes Withholding Tax exemption

Thu, 04/12/2014 - 17:30

Allianz Global Investors has welcomed the UK Government’s commitment, delivered as part of the Chancellor’s Autumn Statement, that it will introduce a new Withholding Tax exemption for private placements.   »

medal

Barings awarded Renminbi QFII status in China

Mon, 01/12/2014 - 14:15

Baring Asset Management (Barings), the international investment firm, has been awarded a Renminbi Qualified Foreign Institutional Investor (RQFII) licence by the China Securities Regulatory Commission.   »

exclamation point in circle

CFTC provides no-action relief from clearing requirement for swaps entered into by eligible treasury affiliates

Thu, 27/11/2014 - 09:00

The US CFTC has issued a no-action letter providing further relief for eligible treasury affiliates that enter into swaps that are subject to the clearing requirement in section 2(h)(1) of the Commodity Exchange Act (CEA) and part 50 of the CFTC’s regulations.   »

approved stamp

SGSS extends South African custody hub to Mauritius

Wed, 26/11/2014 - 11:30

Societe Generale Securities Services (SGSS) has become the first remote participant to receive approval from the Mauritius Financial Services Commission (FSC) to provide comprehensive custody services in the country. »

Joined hands

Misys and FircoSoft form alliance

Tue, 30/09/2014 - 16:01

Misys has formed an alliance with FircoSoft, a provider of watch list filtering solutions. »

Welcome

Financial Stability Board guidance is positive step

Tue, 30/09/2014 - 11:58

Marshall Bailey, President, ACI – The Financial Markets Association – welcomes the Financial Stability Board’s latest guidance…  »

James Williams, Hedgeweek

Data management and reporting solutions are key to achieving operational efficiency

Tue, 23/09/2014 - 15:32

It’s a fair assumption to say that the proliferation of hedge fund regulation has spurred technology providers to produce newer, innovative solutions.  »

Gibraltar

Gibraltar gears up to comply with US foreign tax rules

Mon, 11/08/2014 - 13:49

The Rock’s financial services sector must act now to embrace FATCA, warns Nicola Smith, CEO of Gibraltar-based fund administrator, Helvetic. »

Approved stamp

Omni Partners obtains licence under AIFMD

Wed, 23/07/2014 - 14:02

The UK Financial Conduct Authority (FCA) has approved Omni Partners’ application for an authorised licence under the Alternative Investment Fund Managers Directive (AIFMD). »

Gavel and scales

Global banks face fines of up to GBP250bn by 2020

Tue, 22/07/2014 - 13:01

The multi-million pound fines levied to date against global banks for breaking anti-money laundering (AML) rules and sanctions violations are the tip of the iceberg, according to Data-as-a-Service provider, Anomaly42. »

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… »

Mark Makepeace

FTSE issues Statement of Compliance with respect to IOSCO Principles

Fri, 18/07/2014 - 06:28

FTSE Group has published its Statement of Compliance with the recommendations made by the International Organization of Securities Commissions (IOSCO) in the Principles for Financial Benchmarks published in July 2013. »

Gavel

SEC charges Ernst & Young with violating auditor independence rules in lobbying activities

Wed, 16/07/2014 - 06:03

The Securities and Exchange Commission (SEC) has charged Ernst & Young with violations of auditor independence rules that require firms to maintain their objectivity and impartiality with clients. »

Index

Markit to administer benchmarks in compliance with Iosco Principles

Mon, 14/07/2014 - 16:10

Markit has confirmed it is to administer its benchmarks in compliance with the International Organization of Securities Commissions (Iosco) final report on Principles for Financial Benchmarks. »

Passports

ICI Global welcomes Asia Region Funds Passport Initiative

Mon, 14/07/2014 - 14:32

A “timely and exciting” initiative designed to deepen the financial markets and benefit investors in six countries in the Asia-Pacific region holds promise, according to ICI Global in its comment letter on the Asia Region Funds Passport (ARFP) initiative. »

Regulation

LPFA proposes wider partnership model in response to consultation on the future of the LGPS

Mon, 14/07/2014 - 14:04

The London Pension Fund Authority (LPFA) is proposing a wider solution to the issues raised by the Department for Communities and Local Government’s consultation “Opportunities for collaboration, cost savings and efficiencies”. »

EU flag

ESMA defines central clearing of interest rate and credit default swaps

Mon, 14/07/2014 - 06:03

The European Securities and Markets Authority (ESMA) has launched a first round of consultations to prepare for central clearing of OTC derivatives within the European Union. »

features
Article
Ken MacCuish, Intralinks

A couple of years ago, the title Chief Information Security Officer, or CISO for short, was a foreign concept within the hedge fund community. The winds have changed, however, as hedge funds become increasingly targeted by cyber hackers, causing many to hire a CISO to uphold the network integrity of the firm.  ... »

Special report
State Street Global Advisors – Volatility and the benefits of downside protection strategies

State Street Global Advisors has unveiled the results of an in-depth survey of 420 senior executives within global private and public pension plans, endowments, foundations and sovereign wealth funds, summarised in this keynote Hedgeweek Special Report... »

Special report
Hedge Fund Technology 2015

Hedge Fund Technology 2015

Tue, 19/05/2015 - 11:00

This keynote Hedgeweek Special Report surveys the key technology products and software solutions available to hedge funds,, and drills down into each one through interviews and analysis to summarise their benefits to COOs, CTOs and CFOs at hedge funds... »

Special report
AlphaQ – April 2015

AlphaQ – April 2015

Tue, 21/04/2015 - 10:00

The hunt for diverse streams of alpha is intensifying, and skill-based risk-adjusted returns are the Holy Grail for all investment managers. Global Fund Media (GFM) brings you AlphaQ, a bi-monthly compendium of investment ideas, skill and talent across all asset classes, and a network of the best asset management talent... »

Special report
Commodities 2015: The outlook for investors

Investing in commodities can yield handsome returns, but investors need to focus sharply on timing and diversify their portfolios away from traditional safe havens and into sectors such as agriculturals and products such as ETFs. As one expert reveals in this special report, "Gold is not the only yellow commodity one should have in their portfolio"... »

Special report
AlphaQ - June 2015

AlphaQ – June 2015

Tue, 23/06/2015 - 11:00

AlphaQ, a bi-monthly compendium of investment ideas, skill and talent across all asset classes, and a network of the best asset management talent... »

specialreports