Legal & Regulation

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… »


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.   »


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. »


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 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. »


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. »


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. »


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. »


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. »


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. »


European funds sue BP in US over 2010 share price crash

Tue, 08/07/2014 - 06:18

Law firm Pomerantz is claiming in the United States District Court in Texas on behalf of UK investment funds who bought BP ordinary shares and American Depositary Shares (ADS) on the LSE before the 2010 Deepwater Horizon disaster. »

Money and calculator

Collateral optimisation key to Basel III equity capital requirement reductions, says Clearstream

Wed, 02/07/2014 - 15:14

European banks could reduce their Basel III equity capital requirements by up to 20 per cent – an equivalent of EUR 40 billion – through efficient collateral optimisation. »

Gavel and scales

BNP Paribas to pay USD8.9bn for violating US economic sanctions

Wed, 02/07/2014 - 06:03

BNP Paribas (BNPP) has agreed to enter a guilty plea to charges of conspiring to violate the International Emergency Economic Powers Act (IEEPA) and the Trading with the Enemy Act (TWEA). »


More robust regulatory regime for collective DC can create greater income stability, says Cardano

Tue, 01/07/2014 - 16:31

Cardano has come out in support of the greater attention to collective DC regulation proposed in the 2014 Pension Schemes Bill that was laid before the UK parliament last week. »


SEC obtains court order to halt fraudulent bond offering by City of Harvey, Illinois

Thu, 26/06/2014 - 12:05

The Securities and Exchange Commission has obtained an emergency court order against a Chicago suburb and its comptroller to stop a fraudulent bond offering that the city has been marketing to potential investors. »


Time for asset management industry to shine, says KPMG report

Tue, 24/06/2014 - 12:37

Opportunities abound for the global asset management industry as the shrinking of the banking sector has thrust asset management to the heart of global capital flows and the pace of regulatory change is starting to ease off, according to a KPMG report. »

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. »

Magnifying glass

ESMA calls for improvements in disclosures related to business combinations

Mon, 16/06/2014 - 15:06

The European Securities and Markets Authority (ESMA) has published a report on the application of accounting requirements for business combinations in IFRS financial statements.  »


MiFID II published in the Official Journal of the EU

Fri, 13/06/2014 - 11:58

The EU has published MiFID II in the Official Journal (OJ) following more than two and a half years of consultation and negotiation. »

Jersey flag

Jersey makes changes to Companies Law

Thu, 12/06/2014 - 10:08

Jersey is introducing changes to its Companies Law, which aim to make the jurisdiction more attractive for those who use Jersey companies for investment structuring, asset holding and a wide variety of other purposes. »

Special report
Hedgeweek Special Report: Prime Brokerage 2015

Read how prime brokers of all shapes and sizes are becoming both operational and balance sheet-efficient, and broadening out their product suites for hedge fund managers... »

Special report
Lyxor Asset Management - Why trend-following strategies are back on track

This Hedgeweek Special Report explains not only why managed futures should be reconsidered by investors, but also how a more effective risk allocation strategy can benefit investor portfolios in both correlated and non-correlated markets... »

Christopher ELvin, Preqin

977 private equity funds held a final close throughout the year raising a total of USD486bn, higher than any annual amount between 2009 and 2012, and on track to match the 2013 total. Preqin’s Christopher Elvin (pictured) reviews a year of private equity fundraising:  ... »

Special report
Cayman Islands Hedge Fund Services 2014

Cayman Islands Hedge Fund Services 2014

Fri, 19/12/2014 - 10:24

With service providers reporting growth in hybrid funds, funds for single investors and bespoke managed accounts, this report examines the regulations and new services being developed in Cayman to tackle the fast-changing offshore funds market... »

Up arrow

Over half of infrastructure funds that closed in 2014 exceeded their fundraising target, up from 37% of funds in 2013. Andrew Moylan, Preqin’s Head of Real Assets Products, takes a look at infrastructure fundraising over the last 12 months: ... »

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