AIFMD

New Manager Led Products – What Are They?

With the AIFMD having imposed stringent regulatory and supervisory standards over EU Fund Managers (AIFMs), regulators and others have questioned the need for similar levels of regulatory oversight over funds – particularly those servicing the needs of the Professional and Institutional investors.
Posted on: 28 Jul, 2016
Posted in: Feature

Custodian banks, AIFMD and UCITS V

We spoke to HSBC's head of product solutions - regulatory change, Paul Ellis, about how the bank managed the implementation of UCITS V and the similarities with getting over the line with AIFMD, how this directive has impacted custody arrangements

Posted on: 20 Apr, 2016

eSecLending rides the asset safety wave

Segregation of assets in accounts that bear the name of the owner is one of the unstoppable regulatory and commercial trends of our time. While custodian banks have invested considerable resources in the development of ingenious arguments against segregation, one third party lender is pleasantly surprised to find concerns about asset safety are increasing the attractions of its business model.

Posted on: 28 Jan, 2016
Posted in: Feature

GAIA points the way to the automation of hedge fund subscriptions and redemptions

Bill Gourlay, who previously ran the fund management strategy group at RBC in London, arrived at investment management industry technology consultants Idea Group as CEO in December 2013.

Posted on: 21 Jan, 2016

For custodian banks, UCITS V liabilities are a matter of life-or-death

Custodian banks have long under-charged for the risks they absorb on behalf of their clients. For years, this was a strategic choice, in which they looked to get paid for exploiting the assets rather than looking after them. Even as those ancillary earnings have shrunk, and regulators have increased the liabilities, custodians have persisted with the status quo. According to Peter Richards-Carpenter, consultant to London law firm Berwin Leighton Paisner, the responsibilities of depositary banks under UCITS V will finally force custodians to decide whether they wish to stay in the business.

Posted on: 28 Sep, 2015
Posted in: Regulation

AIFMD passports for the Channel Islands and Switzerland could backfire

David Bailey, group head of marketing at private equity fund administrators Augentius, has warned that the proposed liberalisation of the rules governing the distribution of alternative investment funds (AIFs) in the European Union (EU), announced

Posted on: 07 Aug, 2015
Posted in: Regulation

ESMA advice positive on Guernsey AIFMD passport extension

A recommendation by the European Securities and Markets Authority (ESMA) to grant Guernsey a 'third country' passport under the Alternative Investment Fund Managers Directive (AIFMD) has been welcomed by the Island's funds sector.

Posted on: 05 Aug, 2015
Posted in: Regulation

Optionality key for managers as Jersey gets AIFMD passport recommendation from ESMA

Recognition for Jersey’s regulatory framework for alternative funds and the recommendation that the jurisdiction should enjoy future access to a Europe-wide passport under the EU Alternative Investment Fund Managers Directive (AIFMD) has been we
Posted on: 05 Aug, 2015
Posted in: Regulation

Reverse enquiry in the EEA – Beware of the pitfalls

Of all the available routes for accessing investor capital in Europe in the new Alternative Investment Fund Managers Directive (AIFMD) world, reverse enquiry is probably the one receiving the most interest.

Posted on: 17 Jul, 2015

Safekeeping Questions

Feature
09 Jun, 2015

The £126 million fine levied by the UK Financial Conduct Authority (FCA) on BNY Mellon in April for breaches of the rules on the safekeeping of client assets was the latest in a series of similar sanctions.

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