ESMA publishes consultation on asset segregation

The European Securities and Markets Authority (ESMA) has published a consultation paper outlining options on asset segregation under the Alternative Investment Fund Managers Directive (AIFMD).

Posted on: 02 Dec, 2014
Posted in: Regulation

EC urges industry solution on UTI challenges

The European Commission has said the financial industry - as opposed to regulatory bodies – is better placed to reach an agreement over which counterparty develops the Unique Trade Identifiers (UTI), the alphanumerical code designed to enable trad

Posted on: 01 Dec, 2014
Posted in: Regulation

ALFI European Alternative Investment Funds Conference - a summary

Here is a summary of some of the key issues at the Association of the Luxembourg Funds Industry (ALFI) alternative investment conference.

Posted on: 28 Nov, 2014
Posted in: Regulation

AIFMD prompts shift onshore for funds

The Alternative Investment Fund Managers Directive (AIFMD) has prompted strong growth in European fund domiciles, with total Assets under Management (AuM) in the EU growing by 13 per-cent to $3.7 trillion, according to a study by the Association of the Luxembourg Fund Industry (ALFI) and Oliver Wyman.

Posted on: 25 Nov, 2014
Posted in: Regulation

Low volume swaps users could exit derivatives due to suspension of early termination rights

Low volume swaps users including fund managers and institutional investors could exit derivatives if the Financial Stability Board (FSB) suspends counterparties’ early termination rights on swaps transactions during US bankruptcy proceedings.

Posted on: 21 Nov, 2014
Posted in: Regulation

Uncertainty over extension of Pan-EU passport to non-EU managers remains

The extension of the pan-EU passport to non-EU managers as envisioned under the Alternative Investment Fund Managers Directive (AIFMD) is contingent on third countries meeting equivalence standards laid out by the EU and the effectiveness of the n

Posted on: 07 Nov, 2014
Posted in: Regulation

Questions over depositaries pricing risk into fees

A number of depositaries may not be pricing the costs of strict liability into client fees with many under-charging because they are discharging the liability to their prime brokers acting as sub-custodians.

Posted on: 03 Nov, 2014
Posted in: Regulation

Uncertainty over scope of SFT reporting

There is still uncertainty about the scope and nature of the reporting requirements likely to be expected under the recently proposed Securities Financing Transaction Regulation in the European Union (EU).

Posted on: 03 Nov, 2014
Posted in: Regulation

UCITS VI warned against curbing legitimate hedging activities

Any restrictions on the eligibility of assets, particularly derivatives, through UCITS VI must avoid curtailing legitimate hedging activity at fund managers.

Posted on: 30 Oct, 2014
Posted in: Regulation

Debate over whether multi-depositary regime could emerge under AIFMD

There is debate as to whether a multiple-depositary model could emerge under the EU’s Alternative Investment Fund Managers Directive (AIFMD) once the national private placement regime expires in 2015.

Posted on: 29 Oct, 2014
Posted in: Regulation


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