Nearly half of all alternative investment fund managers have yet to apply for authorisation with their national regulators under the Alternative Investment Fund Managers Directive (AIFMD) despite the rules coming into play next week.
Start-up hedge fund managers using umbrella platforms to speed up their Financial Conduct Authority (FCA) registration process have been warned they could be ensnared by the Alternative Investment Fund Managers Directive (AIFMD).
SS&C GlobeOp is confident it will have approval from the UK’s Financial Conduct Authority (FCA) to operate as an fully authorised depositary-lite by the July 22, 2014 implementation deadline of the Alternative Investment Fund Managers Directiv
The UK Financial Conduct Authority (FCA) has authorised the prime brokerage arms of Goldman Sachs, Credit Suisse and Barclays to undertake the Article 21(8)(a) safe-keeping of financial instruments duties as required under the EU’s Alternative Inv
Depository banks and prime brokers are eagerly awaiting the much anticipated decision by the European Securities and Markets Authority (ESMA) as to whether primes will be forced to segregate AIF assets from their own and other clients.
Depositories have sought to rebut regulatory fears that they will struggle to provide safe-keeping, cash-flow monitoring and oversight of new or real assets held by private equity vehicles and some hedge funds as mandated under the Alternative Inv