Legal

Hedge funds warned on FATCA complacency amid US-EU negotiations

Hedge funds and investment banks should not view proposed changes by the US Treasury towards FATCA (Foreign Account Tax Compliance Act) reporting requirements as a concession, the head of the fund management business at Ernst & Young (E&Y)

Posted on: 01 Feb, 2012

Asset managers show discrepancies over compliance with Bribery Act, according to E&Y survey

Major discrepancies exist among asset managers surrounding compliance with the UK Bribery Act more than six months after the law was enacted, a survey by Ernst & Young (E&Y) has discovered.

Posted on: 30 Jan, 2012

UK regulatory changes most pressing concern for managers, according to IMS survey

UK regulatory changes are a more pressing concern for hedge funds than the European Union’s (EU) Alternative Investment Fund Managers Directive (AIFMD), a survey by The IMS Group has found.

Posted on: 26 Jan, 2012
Posted in: LegalRegulation

Proposed EU Financial Transaction Tax slammed by industry experts

Industry organisations and market commentators have slammed the European Union’s (EU) proposed Financial Transaction Tax (FTT) arguing it could undermine the single market and force financial institutions to leave the EU.

Posted on: 18 Jan, 2012

Sponsored article: Gaim Ops Cayman 2012 preview

Gaim Ops will be holding its annual operational due diligence conference at the Ritz Carlton in Grand Cayman between April 22 and 25, 2012.

Posted on: 16 Jan, 2012

MFA urges SEC to scrap rules banning hedge fund advertising

The Managed Funds Association (MFA) is urging the Securities and Exchange Commission (SEC) to change its rules preventing hedge funds from advertising to potential investors.

Posted on: 13 Jan, 2012

Small private banks face FATCA challenge

Small private banks, particularly in jurisdictions with strict banking secrecy laws, may struggle to become FATCA (Foreign Account Tax Compliance Act)-compliant thereby depriving some hedge funds of much needed assets.

Posted on: 09 Dec, 2011

Hedge funds face challenges to get to grips with Form PF, experts argue at COOConnect debate in New York

Hedge funds have been urged to hurry up and ensure they are fully compliant with all regulation before they file their Form PF, industry experts have said at an event on Dodd Frank registration hosted by COOConnect in New York.

Posted on: 05 Dec, 2011

Hedge funds still struggling to get to grips with CCP requirements

Many hedge funds are still grappling with the collateral management requirements associated with mandatory over-the-counter (OTC) derivatives clearing.

Posted on: 21 Nov, 2011

FSA could adopt tougher penalties post-Rajaratnam

The UK’s Financial Services Authority (FSA) is likely to take an even tougher line and impose harsher penalties for market abuse especially following the record $92.6 million fine doled out to former Galleon Group hedge fund founder Raj Rajaratnam

Posted on: 10 Nov, 2011

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