Investors and service providers open to criminal prosecution if they have links to hedge funds violating UK Bribery Act

Institutional investors and service providers could face criminal prosecution if they have a working relationship with a hedge fund that falls foul of the UK’s draconian anti-bribery act.

Posted on: 13 Jun, 2011

Hedge funds with sovereign wealth fund clients could face SEC checks

Hedge funds whose client base includes sovereign wealth funds (SWFs) could find themselves being targeted by the US Securities and Exchange Commission (SEC) for non-compliance with the Foreign Corrupt Practices Act (FCPA).

Posted on: 07 Jun, 2011

Regulators should be more realistic over financial reform agenda

Regulatory authorities should put greater emphasis on pursuing deliverable and focused financial reform rather than trying to meet “unrealistic” deadlines, according to Anthony Belchambers, chief executive officer at the Futures and Options Associ

Posted on: 01 Jun, 2011

Hedge funds trading FX could be caught out by Dodd Frank

Non-US hedge funds trading in FX could be forced to find new US counterparties if they want to avoid being inadvertently fined for non-compliance by US regulators under some of the more obscure provisions in the Dodd Frank Act.

Posted on: 26 May, 2011

ESMA chairman warns against regulatory arbitrage over EU short-selling rules

European Union (EU) rules curtailing the naked short selling of sovereign debt and bonds must not result in regulatory arbitrage among member states, according to Steven Maijoor, chairman of the European Securities and Markets Authority (ESMA).

Posted on: 26 May, 2011

Cap intro to ERISA funds could be curtailed under DOL proposals

The capital introduction services offered by prime brokers to hedge funds could be curtailed if the US Department of Labor (DOL) gets its way.

Posted on: 25 May, 2011

Non EU CCPs do not need individual member state approval according to draft text

Non-European Union (EU) central counterparty (CCP) clearing houses will not require individual member state approval to clear over-the-counter (OTC) derivative trades for EU financial institutions.

Posted on: 25 May, 2011

Highland Capital Management sued by Houston Municipal Employees Pension System

Highland Capital Management, the $23 billion Dallas-based hedge fund, is being sued by the Houston Municipal Employees Pension System over its $15 million investment in the now defunct Crusader Fund.

Posted on: 25 May, 2011
Posted in: InvestorsLegal

Hedge funds warned over interacting with investors via social media

Hedge funds that utilise social media such as Linkedin, Twitter and Facebook to interact with investors must ensure their staff are fully compliant when using these digital communications platforms.

Posted on: 23 May, 2011

European Council reaches agreement on short selling

The European Council has reached a compromise agreement regarding restrictions on short-selling although it has not called for an outright ban on the naked short selling of sovereign debt and shares via credit default swaps (CDS).

Posted on: 18 May, 2011
Posted in: LegalRegulation


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