By A Paris – Uncertainty remains the order of the day as the world heads into a period of slow recovery which risks being scuppered by a variety of factors including the US elections, trade tensions and the prolonged impact of the Covid-19 pandemic. Financial services practitioners in Luxembourg, like their peers in other jurisdictions, have had to navigate this volatile environment while continuing to provide a seamless service to clients.
Legal & Regulation
Orient Capital utilises ‘Proxymity ID’ for first shareholder analysis under SRDII in European ‘non-disclosure’ markets
Orient Capital, a specialist in share ownership analysis and identification, market intelligence, investor communication and shareholder management technology, has initiated two client projects by incorporating the ‘Proxymity ID’ technology into its existing analytical processing systems.
The Standards Board for Alternative Investments (SBAI) has published a memo that provides a multi-jurisdictional review of current regulatory guidance on responsible investment.
InReg and Veneziano & Partners have released a new information paper, SFDR - Road Map to March 2021, which contains actionable intelligence and is a highly practical tool to help financial market participants with mapping out the steps required to comply with SFDR by March 2021.
The Bank of England has fuelled speculation over whether it will introduce negative interest rates in the UK by asking banks to detail how ready they are to deal with rates going negative.
By A Paris – This year will be forever remembered as the one which saw a global pandemic taking over the world, widespread travel restrictions and significant market volatility. But in Singapore, 2020 can be considered in a more favourable light. Despite the less than auspicious environment, the jurisdiction reaped success in launching a new fund structure, generating manager interest in an otherwise turbulent period.
By Mark Voumard, Gordian Capital – Readers will be familiar with onshore domiciles such as Dublin or Luxembourg. How does Singapore differ?
“The introduction of the Variable Capital Company (VCC) structure earlier this year has been the latest in a number of initiatives undertaken by the Singapore government to grow the city state’s fund management industry and achieve its ambition of being the gateway to asset management opportunities in Asia”, says Allard de Jong, Head of the Fund Administration, Corporate Trust and Custody team of the Portcullis Group.
The outlook for the penetration of the Variable Capital Company legislation as a fund structure is upbeat as it soldiers on against the unfortunate timing of its launch, amid a global pandemic. More importantly, in practice the legislation works well and the fund launches have been successful.
The ASEAN region has demonstrated itself as a major area for investment and potential growth. However, much of this growth is still on the horizon and yet to be materialised. For the prospects of the ASEAN region to reach their true potential, the current environment requires cost efficiency, scalability and talent. These are critical factors to creating a supportive ecosystem.