Legal & Regulation


BNY Mellon appointed as AIFMD depositary by PGGM Vermogensbeheer

BNY Mellon has been appointed by PGGM Vermogensbeheer to provide depositary services under the Alternative Investment Fund Managers Directive (AIFMD) for assets valued at EUR14bn. »

Will Pomroy, NAPF

NAPF responds to EC’s shareholder rights directive

Will Pomroy (pictured), Policy Lead for Corporate Governance at the National Association of Pension Funds (NAPF), responds to the publication of the European Commission’s Shareholder Rights Directive… »

Paul Schott Stevens

G-SIFI designation of regulated funds unnecessary and inappropriate, says ICI

Designation of regulated funds like US mutual funds as “global systemically important financial institutions” (G-SIFIs) is neither necessary nor appropriate, ICI has said in a comment letter to the Financial Stability Board. »

Monique Meils, Kinetic Partners

Balance is key to whistleblowing programs

Monique Melis (pictured), Global Head of Consulting at Kinetic Partners, the global professional services firm comments on whistle blowers… »


Luxembourg and the US sign Model 1 IGA

The US and Luxembourg governments have signed an agreement to improve international tax compliance and to implement the Foreign Account Tax Compliance Act (FATCA). »

Numbers and magnifying glass

Vontobel Asset Management appoints KNEIP for fund data management

KNEIP has been appointed by Vontobel Asset Management to carry out fund data management, regulatory filing, KIID production and dissemination and financial reporting. »


CJEU ruling challenges HMRC stance on pension tax exemptions, says Facer

HMRC will need to review its policy on the VAT status of the management of defined contribution pension schemes following the recent European court decision, according to Moore Stephens’ VAT expert Robert Facer. »

Approved stamp

BNY Mellon CSD approved by Luxembourg as recognised securities settlement system

BNY Mellon CSD has been accepted as a recognised system for settling transactions in securities listed on the two markets operated by the Luxembourg Stock Exchange. »

Handcuffs and money

Economic crime against financial services organisations rising globally, says PwC survey

Economic crime against financial services organisations continues to rise around the world, with some 45 per cent of financial services respondents to PwC's 2014 Global Economic Crime Survey having been victims. »

British pounds

FXCM UK reaches GBP14m settlement with FCA for trade execution practices

Forex Capital Markets and FXCM Securities (together FXCM UK) have agreed a GBP14m settlement with the Financial Conduct Authority (FCA) over trade execution practices between 2006 and 2010. »

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