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

New UK fund vehicle will give Cayman, Ireland and Luxembourg a run for their money

Fund managers have traditionally based their funds offshore to ensure they can distribute their funds to investors everywhere without worrying that the income and capital gains they generate might be taxed at a high

Posted on: 03 Feb, 2016

Stock Connect delays should not alarm asset managers and investors

Delays to the much-awaited Shanghai-Hong Kong Stock Connect scheme should not alarm asset managers and investors hoping to transact in mainland Chinese A-shares amid concerns the adjournment is attributable to regulators and market participants st

Posted on: 28 Oct, 2014
Posted in: Investors

Firms should consult MiFID II for insights into AIFMD reverse solicitation rules

Firms seeking to rely on reverse solicitation to attract EU capital under the Alternative Investment Fund Managers Directive (AIFMD) should refer to the Markets in Financial Instruments Directive II (MiFID II) as the text makes passing reference t

Posted on: 27 Oct, 2014
Posted in: Regulation

Fund managers warned on Russia sanctions compliance

Sanctions compliance has historically been a relatively straightforward exercise, mainly because the targeted markets were either not functioning or attractive, so their appeal was predictably limited for even the most adventurous asset managers.

Posted on: 12 Sep, 2014
Posted in: Operations

Fund Forum: China mutual recognition could be extended beyond Hong Kong

The mutual recognition scheme between mainland China and Hong Kong could potentially be extended to Singapore, Taiwan, Luxembourg and even the UK, according to a report by HSBC.

Posted on: 25 Jun, 2014
Posted in: Investors

Mutual recognition scheme offers asset managers long-term opportunities in China

The mutual recognition scheme between mainland China and Hong Kong will provide traditional asset managers with long-term opportunities in terms of accessing Chinese capital although it is still unclear if the liberalising measures will be extende

Posted on: 03 Jun, 2014
Posted in: Launches

How KYC data can lend a fund manager an informational advantage

Fund managers tend to be more interested in running money than in working out where it came from. Pecunia non olet, as the Romans put it. But accepting investments from anybody who cares to write a cheque is an increasingly imprudent practice in a regulatory environment obsessed with making sure every citizen pays taxes (FATCA), let alone one surrounded by   Know Your Client (KYC) and Anti Money Laundering (AML) procedures that ensure no dollar is invested whose provenance cannot be proved.

OFA: Hedge funds must educate investors on AIFMD leverage calculations

Hedge fund managers should start informing their underlying investors in order to avoid later confusion that leverage calculations conducted in accordance with the EU’s Alternative Investment Fund Managers Directive (AIFMD) could differ markedly f

Posted on: 07 Mar, 2014
Posted in: Regulation

BNY Mellon loses a securities lending case but provides lessons about cash and collateral

The $31 billion Swedish pension fund AP1 is celebrating a London courtroom victory over BNY Mellon.

Posted on: 25 Nov, 2013
Posted in: Investors


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