ESMA grants equivalence to 10 APAC CCPs

The European Securities and Markets Authority (ESMA) has granted equivalence to 10 Asia-Pacific (APAC) central counterparty clearing houses (CCPs), thereby allowing third country CCPs to provide clearing services to EU clearing members and trading venues.

Posted on: 30 Apr, 2015
Posted in: Regulation

AIMA updates corporate governance guide

The Alternative Investment Management Association (AIMA), the hedge fund industry group, has updated its Fund Directors Guide. The Guide, last published in 2008, is aimed at investment managers, fund promoters and directors.

Posted on: 29 Apr, 2015
Posted in: Regulation

Luxembourg and Belgium introduce further AIFMD reporting requirements

The decision by regulators in Belgium and Luxembourg to require non-EU alternative investment fund managers (AIFMs) distributing non-EU feeder AIFs through national private placement regimes to include the master fund in their Annex IV reporting is yet another example of the challenges facing fund distribution.

Posted on: 28 Apr, 2015
Posted in: Regulation

SIFI challenge for asset managers

A coordinated approach by international regulators towards oversight of fund managers deemed to be systemically important financial institutions (SIFIs) must be undertaken so as to avoid confusion.

Posted on: 31 Mar, 2015
Posted in: Regulation

Equivalence in European and US clearing rules

The European regulator, ESMA (the European Securities and Markets Authority), has so far deemed the rules and their regulatory outcome around central clearing to be equivalent to its own standards in Japan, Singapore, Australia and Hong Kong, with the frameworks in Canada, Mexico and India expected to follow shortly. The big name missing from this list is the US.

Posted on: 18 Mar, 2015
Posted in: Regulation

Uncertainty over extent to which AIFMD passport will be afforded to non-EU managers

The 2015 extension of the pan-EU passport as envisioned under the Alternative Investment Fund Managers Directive (AIFMD) could potentially be extended only to EU AIFMs managing non-EU funds in key cooperative jurisdictions such as the Cayman Islands.

Posted on: 16 Feb, 2015
Posted in: Regulation

Alternative investment managers raising capital in Switzerland must comply with new rules by 28 February 2015

In September 2012, Switzerland adopted a new law to regulate its prosperous but mostly unregulated financial industry. The law triggered the revision of two documents defining the distribution of collective investment schemes in Switzerland.

Posted on: 23 Jan, 2015
Posted in: Regulation

FCA scrutiny over outsourcing could be extended to insurers and pensions

Insurers and even pension funds could potentially face scrutiny from the UK’s Financial Conduct Authority (FCA) over their outsourcing arrangements in a manner not too dissimilar from the thematic review undertaken against asset managers.

Posted on: 11 Dec, 2014
Posted in: Regulation

Global regulators need to standardise tax reporting mechanisms

Global regulators need to standardise the mechanisms by which financial institutions exchange tax information on their clients amid concern the number of tax information exchange agreements between various countries is spiraling out of control.

Posted on: 08 Dec, 2014
Posted in: Regulation

Solvency II capital charges should be lowered

European regulators should lower the Solvency II capital charges for insurers investing into hedge funds just as they did for private equity, it has been argued.

Posted on: 03 Dec, 2014
Posted in: Regulation


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